Qatar Central Bank (QCB) issued Monday its Consolidated Balance Sheet of the banks for September 2019. An analysis of the figures showed that the Government and the Public sector deposits rose in September to QR 266.5bn, while their loans fell to QR 284.5bn.
Government and the Public Sector:
The Government and the public Sector Deposits in September rose by QR 14.1bn to QR 266.5bn. Total deposits were distributed between QR 77.7bn for the Government, QR162.8bn for the Government Institutions, and QR26bn for the Semi-Government institutions in which the government share is 50 percent or more and less than 100 percent.
On the other hand, the total Government and Public Sector Loans from Local Banks decreased by about QR 3.1bn to QR 284.5bn distributed as follows:
P Government: QR118.9bn, down QR3.4bn from August;
P Government Institutions: QR151.4bn, an increase of QR 0.5bn,
P Semi Government Institutions: QR14.2bn, a decrease of QR 0.2bn.
In addition, Debt Securities rose by QR 6.3bn to QR163.2bn.
The total Public Debit Aggregate including Government, Government and Semi-government Institutions in addition to Bills, Bonds and Sukuk, increased by about QR 3.2bn to the level of QR 447.7bn.
Private sector:
Total Private Sector Deposits with banks increased at the end of September by about QR 4.4bn above its similar value at the end of August to reach QR 355.6bn. The total loans credited by banks to the local private sector increased by QR 7.4bn to reach QR 620.6bn; of which: QR152.3bn for the Real-estate Sector (down QR 2.5bn), QR 131.4bn for Consumption Loans (down QR 0.7bn), and QR 147bn for Services (up QR 1.6bn), QR128.1bn for Trading (up QR 7.3bn), and QR 17bn for Industry (up QR 0.7bn). In addition, there were QR14bn loans to the Non-banking Financial sector (down QR 1.8bn from August).
External Sector:
On the Asset side, Commercial Banks’ Investment in Securities outside Qatar rose by about QR 1bn to QR 20.1bn. Its Assets with banks outside Qatar rose by about QR 12.7bn to QR 81.6bn. Local banks Loans abroad dropped by about QR 1bn to QR76.7bn, while local banks’ investments in Foreign Companies rose by QR 0.1bn to QR 29.3bn, and their other Assets abroad decreased by QR 0.3bn to QR 3.8bn.
On the Liabilities side, Deposits of Foreign Banks with banks inside Qatar increased by QR 3.9bn to QR 246.6bn, and the indebtedness of local banks abroad in the form of Bonds and Certificates of Deposit decreased by QR1.5bn to the level of QR 57.1bn. The balance of Foreign depositors with Qatari banks increased by QR 0.5bn to QR 197.2bn.
By matching the Assets of the banking sector abroad with their Liabilities, the net Liabilities of the banking sector in Qatar to the outside world decreased by the end of September by about QR 10.4bn to the level of QR 277.4bn.
(The views published in this column are those of the author and do not necessarily represent or reflect the views of The Peninsula)
Source from: The Peninsula