* Non-resident deposits grow 28.67% June 2021; outpaces total resident deposits
The non-resident deposits in Doha's commercial lenders were seen considerably outpacing the total deposits in the banking system in June this year, according to the Qatar Central Bank data.
The non-resident deposits with the domestic Islamic banks grew faster than the total non-resident deposits in the country's commercial lenders, said the central bank's latest monthly data.
The non-resident deposits in the commercial banks witnessed a 28.67% year-on-year increase to QR271.72bn, which constituted about 16% of the total liabilities in the review period.
The total deposits in Qatar’s commercial banks were seen expanding 8.64% year-on-year to QR960.68bn in June this year.
In the case of resident deposits, it was up 2.36% year-on-year to QR688.91bn or more than 38% of the total liabilities of the commercial banks in June this year.
The non-resident deposits within the Qatari banks soared 28.65% year-on-year to QR270.49bn and those within foreign banks by 33.7% to QR1.23bn in June this year.
Within the domestic lenders, non-resident deposits with the traditional banks expanded 19.84% year-on-year to QR219.52bn and those with the Islamic banks substantially shot up 88.29% to QR50.97bn in the review period.
Within the foreign banks, the non-resident deposits with the Arab lenders expanded 35% year-on-year to QR0.27bn and non-Arab banks by 33.33% to QR0.96bn in June this year.
The resident deposits with the Qatari banks rose 2.52% to QR669.1bn; whereas those with the foreign banks witnessed a 2.84% decline to QR19.81bn in June 2021.
The resident deposits with the traditional lenders shrank 3.74% year-on-year to QR422.31bn; while those with the Islamic lenders soared 15.36% to QR246.78bn in the review period.
Within the foreign banks, the resident deposits with the Arab lenders were seen declining 8.59% to QR5.75bn and those with the non-Arab lenders by 0.21% to QR14.06bn in June 2021.
The private sector deposits rose 1.26% year-on-year to QR397.03bn and the public sector deposits by 3.89% to QR291.87bn in the review period.
The local currency demand deposits in within private sector deposits grew 3.48% year-on-year to QR112.61bn and the local currency time and savings deposits by 3.26% to QR204.72bn in the review period.
Within the private sector foreign currency deposits, the demand component expanded 10.89% year-on-year to QR19.86bn; whereas the time and savings component shrank 10.72% to QR59.85bn in June 2021.
In the public sector, the local currency demand deposits were seen gaining 67.65% year-on-year to QR48.69bn; while time and savings deposits were down 9.84% to QR136.69bn in June this year.
Within the public sector foreign currency deposits, the demand and time and savings component declined 27.46% year-on-year to QR24.35bn; whereas time and savings shot up 23.07% to QR82.14bn in June 2021.