A healthy double-digit expansion in the domestic credit helped Doha's commercial banks witness a more than 9% jump in total assets at the end of May this year, according to the Qatar Central Bank (QCB) figures.
Total assets of commercial banks stood at QR1.56tn with domestic assets constituting QR1.35tn or 87% of the total and overseas assets at QR0.21bn or 13% of the total.
The domestic assets witnessed more than 12% year-on-year expansion at the end of March 31, 2020, on a robust growth trajectory especially in the case of credit, securities portfolio, cash and precious metals, and claims on central bank.
Total credit of the commercial banks grew about 11% year-on-year to QR1.06tn at the end of the review period. They constituted about 68% of the total assets of the banks.
The commercial banks’ domestic credit expanded more than 15% year-on-year to QR988.57bn; whereas overseas credit shrank about 12% to QR71.28bn in the review period.
Total private sector credit registered a more than 13% year-on-year expansion to QR718.42bn, or 68%, of the total credit this May and public sector credit expanded by more than 6% to QR327.26bn, while non-banking finance credit declined more than 4% to QR14.17bn in the review period.
The commercial banks' total securities portfolio amounted to QR197.66bn, which saw about 11% year increase in May this year. Domestic portfolio was seen growing more than 12% to QR179.59bn; while overseas portfolio shrank more than 1% to QR18.08bn.
Of the total QR197.66bn total securities portfolio; debt (conventional) was to the extent of QR117.68bn, which rose about 13% year-on-year; and sukuk QR75.16bn (7%).
The domestic debt was QR105.06bn or 89% of the total debt in May 2020. The government debt grew about 19% year-on-year to QR96.13bn; whereas that of the banks declined 17% to QR5.35bn and others by 15% to QR3.58bn at the end of May 2020.
Of the QR72.17bn domestic sukuk, the government’s issuance amounted to QR68.19bn and those from the banks stood at QR3.25bn during the review period.
The commercial banks’ claim on the central bank increased more than 25% year-on-year to QR83.14bn at the end of May 31, 2020, of which required reserve amounted to QR40.14bn that nevertheless declined 40% on yearly basis.
The commercial banks' total claims on banks witnessed about 41% year-on-year shrinkage to QR78.65bn in May 2020. The domestic and overseas claims stood at QR35.29bn and QR74.11bn respectively.
The banking sector's cash and precious metals were valued at QR17.97bn at the end of May 2020, which grew about 59% year-on-year.
The commercial banks’ total investment in subsidiaries and associates amounted to QR44.34bn in May 2020, which, however, saw more than 3% fall year-on-year.
The commercial banks' other assets shot up about 29% year-on-year to QR36.18bn and net fixed assets by about 6% to QR7.31bn at the end of May this year.
The domestic assets witnessed more than 12% year-on-year expansion at the end of March 31, 2020, on a robust growth trajectory especially in the case of credit, securities portfolio, cash and precious metals, and claims on central bank.
Total credit of the commercial banks grew about 11% year-on-year to QR1.06tn at the end of the review period. They constituted about 68% of the total assets of the banks.
The commercial banks’ domestic credit expanded more than 15% year-on-year to QR988.57bn; whereas overseas credit shrank about 12% to QR71.28bn in the review period.
Total private sector credit registered a more than 13% year-on-year expansion to QR718.42bn, or 68%, of the total credit this May and public sector credit expanded by more than 6% to QR327.26bn, while non-banking finance credit declined more than 4% to QR14.17bn in the review period.
The commercial banks' total securities portfolio amounted to QR197.66bn, which saw about 11% year increase in May this year. Domestic portfolio was seen growing more than 12% to QR179.59bn; while overseas portfolio shrank more than 1% to QR18.08bn.
Of the total QR197.66bn total securities portfolio; debt (conventional) was to the extent of QR117.68bn, which rose about 13% year-on-year; and sukuk QR75.16bn (7%).
The domestic debt was QR105.06bn or 89% of the total debt in May 2020. The government debt grew about 19% year-on-year to QR96.13bn; whereas that of the banks declined 17% to QR5.35bn and others by 15% to QR3.58bn at the end of May 2020.
Of the QR72.17bn domestic sukuk, the government’s issuance amounted to QR68.19bn and those from the banks stood at QR3.25bn during the review period.
The commercial banks’ claim on the central bank increased more than 25% year-on-year to QR83.14bn at the end of May 31, 2020, of which required reserve amounted to QR40.14bn that nevertheless declined 40% on yearly basis.
The commercial banks' total claims on banks witnessed about 41% year-on-year shrinkage to QR78.65bn in May 2020. The domestic and overseas claims stood at QR35.29bn and QR74.11bn respectively.
The banking sector's cash and precious metals were valued at QR17.97bn at the end of May 2020, which grew about 59% year-on-year.
The commercial banks’ total investment in subsidiaries and associates amounted to QR44.34bn in May 2020, which, however, saw more than 3% fall year-on-year.
The commercial banks' other assets shot up about 29% year-on-year to QR36.18bn and net fixed assets by about 6% to QR7.31bn at the end of May this year.
