Doha's commercial banks witnessed strong double-digit year-on-year growth, especially in the current and call deposits of the domestic private and public sectors in September this year, according to the Qatar Central Bank (QCB) data.
The total customer deposits of the commercial banks otherwise rose about 6% year-on-year to QR879.88bn, constituting about 54% of the commercial banks’ liabilities at the end of September 2020, said the QCB figures.
The domestic deposits of the commercial banks grew about 4% year-on-year to QR659.16bn, which is 75% of the total deposits; and overseas deposits rose faster by about 12% to QR220.72bn at the end of September 30, 2020.
Of the QR659.16bn domestic deposits of the commercial banks, those of the services stood at QR242.46bn, or 37% of the total domestic deposits, followed by personal QR213.19bn (31%), government QR83.6bn (13%), industry QR34.44bn (5%), trading QR28.47bn (4%), contractors QR12.06bn and realty QR5.49bn and others QR39.45bn.
The commercial banks’ domestic personal deposits expanded more than 12% with those of non-Qatari individuals soaring 21% to QR44.91bn and those of Qataris by 10% to QR168.28bn in September 2020.
The commercial banks' domestic private sector deposits grew more than 11% to QR375.27bn, which constituted 57% of the total domestic deposits; public sector deposits by less than 1% to QR266.22bn (40%) and those of non-banking finance institutions (NBFIs) by 35% to QR17.67bn (3%).
The commercial banks' overseas private sector deposits expanded more than 10% to QR176.78bn, which constituted 80% of total foreign deposits, and those of NBFIs by more than 59% to QR30.13bn (14%); whereas those of the public sector fell about 23% to QR13.69bn (6%) in September 2020.
Within the domestic private sector, the commercial banks' current and call deposits soared more than 11% to 122.2bn, or 33% of the total domestic private sector deposits, and savings and time deposits by more than 3% to QR253.06bn or 67% this September.
The commercial banks' domestic public sector current and call deposits shot up more than 14% to QR50.24bn or 19% of the total domestic public sector deposits; while savings and time deposits witnessed about a 3% fall to QR215.98bn or 81% in the review period.
Within the domestic deposits of NBFIs, the commercial banks' savings and time deposits as well as current and call deposits increased 36% and 28% to QR14.12bn and QR3.55bn respectively in September 2020.
Within the private sector overseas deposits, the commercial banks' savings and time deposits expanded about 12% to QR174.05bn; while current and calls deposits plunged 41% to QR2.73bn in September 2020.
Within the overseas public sector deposits, the commercial banks savings and time deposits were down 23% to QR13.7bn; whereas the current and call deposits more than doubled to QR0.09bn in the review period.
In the case of NBFC overseas deposits, the commercial banks' saving and time deposits soared more than 58% to QR29.83bn; and the current and call deposits more than doubled to QR0.31bn at the end of September 2020.