QCB has released its monthly bulletin for November 2019, which included a wide range of money and banking statistics for the month of November. QCB has in the past weeks issued some important statistical data contained in the bulletin sporadically, including the Bank’s international reserves, liquidity, assets and liabilities in domestic and abroad. Other details of deposits, domestic credit and money supply are presented in this report.
Bank Deposits
Bank Deposits increased in November 2019 by about QR 5.2bn from October to the level of QR830.5bn in October. They were divided between private sector deposits, public sector deposits and non-resident deposits. While private sector deposits rose to QR367.7bn compared to QR366.9bn in October, public sector deposits increased marginally by QR 0.8bn to QR260.2bn, and non-resident deposits rose by
QR3.7bn to QR202.5bn.
Total Credit Facilities
Total credit facilities granted by banks have grown steadily and reached QR1,026.5bn in November 2019 from QR1,003.3bn in October, and QR940.8bn a year ago.
Credit granted to the public sector rose in November 2019 by about QR17.1bn up from October to reach the level of QR303.6bn, but it was still lower by about QR26.7bn from a year ago – due to the government repayment of part of its debt to the banks.
On the other hand, the credit granted to the private sector increased in November by about QR26.5bn from October to reach QR647.3bn, and it was about QR115.4bn higher than a year ago. Credit granted Abroad decreased by QR1.6bn from October to
QR75.2bn, it was still below the level of a year ago of
QR79.6bn.
In the details of Credit to the Domestic Private Sector, we find the following:
*Services Sector Credit was the fastest growing, doubling in almost two years and ranked first since last October and reached QR167.2bn in November compared to
QR163.1bn in October and QR118bn in November 2018.
*Real Estate Sector Credit came in second place but fell by about QR3.7bn from October to QR147.1bn.
*Retail Sector Credit remained in the third place but returned to grow by QR 3.4bn to QR136.3bn compared to QR132.9bn in October 2019 and QR126.5bn a year earlier.
*Trade Sector Credit came in the fourth place, and it rose in November 2019 by about QR3.6bn to QR132.9bn compared to QR129.2bn in October and QR72.7bn a year ago,
*Credit to the Contractors Sector, has decreased by
QR0.3bn in November to QR34.8bn, compared to QR35.1bn in October and QR35.9bn a year ago.
*Credit to the Industrial Sector, decreased by about QR0.1bn to QR 17.5bn.
The bulletin also included numbers of Money Supply in its various concepts, the most important of which is Narrow Money Supply (M1) and Broad Money Supply (M2).
The Narrow Money Supply (M1) consists of both the Circulated Money plus Demand Deposits in Qatari Riyal for the Private Sector, Government Institutions and Semi Government Institution.
The Broad Money Supply (M2) consists of the Narrow Money Supply (M1), in addition to Quasi Money, which in turn consists of Time Deposits in Riyals, Foreign Currency Deposits of the Private Sector, Government Institutions and Semi-Government Institution.
At the end of November 2019, the Money Supply (M2) increased by 0.8 percent to the level of QR563.5bn. The growth came as a result of the narrow Money Supply (M1) increase by 3.4 percent to QR127.6bn , and the quasi-money marginal increase by 0.05 percent to QR 435.8.
Source from: The Peninsula