Qatar’s domestic public debt falls by QR14.9bn in June

25/07/2016 05:56 AST

Qatar’s total domestic public debt fell by QR14.9bn in June to reach QR375.7bn. Qatar banks’ investments in securities outside Qatar dropped by QR22.1bn during the month, The Group Securities noted in its detailed reading of the banks consolidated balance sheet for the month of June.

By the end of June, the banks’ assets (and liabilities) increased by QR0.8bn to reach QR1,178.6bn as compared to QR1,177.8bn recorded in May. Banks’ combined deposits at Qatar Central Bank (QCB) increased QR11.1bn to QR46.5bn.

Government and public sector deposits increased by around QR3.7bn to QR199.5bn. The total domestic private sector deposits at the local banks increased by QR2.7bn to reach the level of QR336.9bn, in addition to deposits worth QR12.4bn by non-banking financial institutions.

Total domestic loans and credit facilities provided by banks to the local private sector increased by QR2bn to QR421.1bn. This is in addition to loans and facilities worth QR16.2bn for the non-banking financial sector.

Bank loans to foreign parties decreased QR1.6bn to touch QR87.4bn. In contrast, foreign banks liabilities on banks in Qatar decreased by QR9.5bn to reach QR182.2bn. The indebtedness of local banks to foreign parties, in the form of bonds and certificates of deposit, increased by QR2.8bn to QR43.3bn. The balance of foreign deposits at Qatari banks decreased by QR17.2bn to QR123bn.


The Peninsula

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