Qatar’s banking sector total assets increased by 0.9% month-on-month (MoM) to reach QR1.818tn in February, QNB Financial Services (QNBFS) has said in a report.
The sector's loan book declined (by 0.2%) to QR1,210.8bn during February.
The loans decline in February was mainly due to a drop by 1.5% from the public sector, QNBFS noted yesterday.
Loans have so far declined by 0.5% in 2022, compared to a growth of 7.8% in 2021; the grew by an average 7.6% over the past five years (2017-2021).
Deposits increased by 0.4% during February to reach QR964.5bn.
The loans-to-deposits ratio went down during the month to 125.5%.
Deposits growth in February was mainly due to a 2.7% increase in private sector deposits. Deposits have so far gone down by 1% in 2022, compared to a growth of 7 .6% in 2021.
Deposits grew by an average 6.1% over the past five years (2017-2021), QNBFS said.
As deposits went up by 0.4% in February, the loan-to-deposit ratio (LDR) went down to 125.5% vs. 126.4% in January 2022.
Private sector deposits went up by 2.7% MoM (+3.5% in 2022) in February resulting in the overall gain in deposits.
On the private sector front, the companies and institutions’ segment increased by 4.2% MoM (+3.9% in 2022) and the consumer segment went up by 1.5% MoM (+3.1% in 2022).
Public sector deposits moved down by 0.4% MoM (-3.2% in 2022).
Looking at segment details, the government segment (represents nearly 30% of public sector deposits) fell by 9.7% MoM (-15.5% in 2022), while the semi-government institutions’ segment moved down by 3.5% MoM (-1.9% in 2022).
However, the government institutions segment (represents 57% of public sector deposits) increased by 6.2% MoM (+4.7% in 2022). Non-resident deposits declined by 2.1% MoM (-5.2% in 2022).
The overall loan book moved lower by 0.2% in February 2022. Domestic public sector loans went down by 1.5% MoM (-2.8% in 2022). The government segment’s loan book declined by 4.4% MoM (-9.0% in 2022).
However, the semi-government institutions’ segment moved up by 1% MoM (+2.3% in 2022). The government institutions’ segment (represents nearly 60% of public sector loans) went up marginally MoM (+0.8% in 2022).
Total private sector loans moved up by 0.4% MoM (+0.8% in 2022) in February. Real estate and the services segment mainly contributed toward the private sector loan growth for February, QNBFS said.
Real estate (contributes nearly 21% to private sector loans) increased by 1.1% MoM (+0.3% in 2022), while services (contributes nearly 29% to private sector loans) increased by 0.7% MoM (+1.4% in 2022).
General trade (contributes nearly 21% to private sector loans) went up by 0.3% MoM (+1.2% in 2022).
Consumption and others segment (contributes nearly 21% to private sector loans) moved up by 0.1% MoM (+0.7% in 2022) during February, QNBFS said.
The sector's loan book declined (by 0.2%) to QR1,210.8bn during February.
The loans decline in February was mainly due to a drop by 1.5% from the public sector, QNBFS noted yesterday.
Loans have so far declined by 0.5% in 2022, compared to a growth of 7.8% in 2021; the grew by an average 7.6% over the past five years (2017-2021).
Deposits increased by 0.4% during February to reach QR964.5bn.
The loans-to-deposits ratio went down during the month to 125.5%.
Deposits growth in February was mainly due to a 2.7% increase in private sector deposits. Deposits have so far gone down by 1% in 2022, compared to a growth of 7 .6% in 2021.
Deposits grew by an average 6.1% over the past five years (2017-2021), QNBFS said.
As deposits went up by 0.4% in February, the loan-to-deposit ratio (LDR) went down to 125.5% vs. 126.4% in January 2022.
Private sector deposits went up by 2.7% MoM (+3.5% in 2022) in February resulting in the overall gain in deposits.
On the private sector front, the companies and institutions’ segment increased by 4.2% MoM (+3.9% in 2022) and the consumer segment went up by 1.5% MoM (+3.1% in 2022).
Public sector deposits moved down by 0.4% MoM (-3.2% in 2022).
Looking at segment details, the government segment (represents nearly 30% of public sector deposits) fell by 9.7% MoM (-15.5% in 2022), while the semi-government institutions’ segment moved down by 3.5% MoM (-1.9% in 2022).
However, the government institutions segment (represents 57% of public sector deposits) increased by 6.2% MoM (+4.7% in 2022). Non-resident deposits declined by 2.1% MoM (-5.2% in 2022).
The overall loan book moved lower by 0.2% in February 2022. Domestic public sector loans went down by 1.5% MoM (-2.8% in 2022). The government segment’s loan book declined by 4.4% MoM (-9.0% in 2022).
However, the semi-government institutions’ segment moved up by 1% MoM (+2.3% in 2022). The government institutions’ segment (represents nearly 60% of public sector loans) went up marginally MoM (+0.8% in 2022).
Total private sector loans moved up by 0.4% MoM (+0.8% in 2022) in February. Real estate and the services segment mainly contributed toward the private sector loan growth for February, QNBFS said.
Real estate (contributes nearly 21% to private sector loans) increased by 1.1% MoM (+0.3% in 2022), while services (contributes nearly 29% to private sector loans) increased by 0.7% MoM (+1.4% in 2022).
General trade (contributes nearly 21% to private sector loans) went up by 0.3% MoM (+1.2% in 2022).
Consumption and others segment (contributes nearly 21% to private sector loans) moved up by 0.1% MoM (+0.7% in 2022) during February, QNBFS said.
