Doha's commercial banks witnessed their foreign assets grow faster than the domestic assets year-on-year this March, according to the Qatar Central Bank (QCB).
The credit to the public sector was seen outpacing the total assets growth in the country's commercial banks during the period in review, the QCB data suggested.
The robust growth in the domestic and foreign assets led the commercial banks total assets expand 10.04% year-on-year to QR1.75tn this March, indicating the sector's support to the country's economy in the review period.
The monthly Purchasing Managers' Index (PMI) of the Qatar Financial Centre suggests strong quarterly expansion, indicating the recovery of the non-energy economy.
The International Monetary Fund recently said the PMI of most Gulf Co-operation Council countries returned to the expansionary territory by mid-2020 and continued to signal an upward trend in some oil exporters such as Qatar, Saudi Arabia and the UAE.
The latest report from the QCB suggests that the domestic assets constituted QR1.5tn or 86% of the total; and overseas assets at QR0.25tn or 14% of the total in the review period.
Total domestic assets were seen expanding 9.14% and foreign assets by 15.9% year-on-year in March 2021.
The year-on-year expansion in the total assets of the commercial lenders in the review period has been on account of a robust growth trajectory especially in credit, securities portfolio (notably in debt), cash and precious metals and claims on banks.
The commercial banks' total credit soared 8.2% year-on-year to QR1.17tn with domestic credit expanding 8.64% to QR1.1tn and overseas credit by 2.21% to QR74.93bn in February this year.
The commercial banks' total credit to public sector saw 14.6% year-on-year growth to QR409.92bn and those to the private sector by 5.21% to QR750.89bn, while those to non-banking financial institutions were down 2.69% to QR13.77bn in March this year.
The total securities portfolio, which is the second largest component of the commercial banks' assets side, witnessed 12.54% year-on-year jump to QR219.49bn in March 2021.
The domestic securities portfolio was seen surging 13.85% to QR200.99bn; while overseas securities portfolio was flat at QR18.5bn in the review period.
Of the total QR219.49bn securities portfolio; debt (conventional) was to the extent of QR141.14bn, which grew 22.1% year-on-year; and sukuk of QR73.4bn, which was however down 1.86% year-on-year in March 2021.
The domestic debt shot up 25.25% on a yearly basis to QR128.46bn, while the overseas debt shrank 2.69% to QR12.68bn in March this year.
The government’s total debt fell 4.09% year-on-year to QR97.72bn with domestic debt declining 3.64% to QR90.09bn and foreign debt by 9.06% to QR7.63bn in the review period.
The banks’ total debt expanded 14% year-on-year to QR9.85bn in March 2021 with their domestic debt witnessing a 15.12% surge to QR6.32bn and overseas debt by 12.06% to QR3.53bn.
The debt issued by neither the government nor banks grew about seven-fold to QR33.558n, mainly from the domestic side, in the review period.
Within the securities portfolio, total sukuk shrank 1.86% year-on-year to QR73.4bn in March 2021. The domestic sukuk fell 1.84% to QR70.38bn and overseas sukuk by 2.27% to QR3.02bn in the review period.
Of the total sukuk, the government’s issuance amounted to QR67.78bn (down 3.21%), those from the banks stood at QR4.25bn (up 19.05%) during the review period.
The commercial banks’ claim on the central bank increased by 13.76% year-on-year to QR77.57bn in March 2021, of which required reserve amounted to QR41.08bn that expanded 3.58% on a yearly basis.
The commercial banks' cash and precious metals were valued at QR22.14bn in March 2021, which surged 24.8% year-on-year.
The commercial banks' total claims on banks witnessed 25.82% increase year-on-year to QR170.588bn this March with domestic claims expanding 4.03% to QR59.67bn and overseas by about 1% to QR78.86bn.
The credit to the public sector was seen outpacing the total assets growth in the country's commercial banks during the period in review, the QCB data suggested.
The robust growth in the domestic and foreign assets led the commercial banks total assets expand 10.04% year-on-year to QR1.75tn this March, indicating the sector's support to the country's economy in the review period.
The monthly Purchasing Managers' Index (PMI) of the Qatar Financial Centre suggests strong quarterly expansion, indicating the recovery of the non-energy economy.
The International Monetary Fund recently said the PMI of most Gulf Co-operation Council countries returned to the expansionary territory by mid-2020 and continued to signal an upward trend in some oil exporters such as Qatar, Saudi Arabia and the UAE.
The latest report from the QCB suggests that the domestic assets constituted QR1.5tn or 86% of the total; and overseas assets at QR0.25tn or 14% of the total in the review period.
Total domestic assets were seen expanding 9.14% and foreign assets by 15.9% year-on-year in March 2021.
The year-on-year expansion in the total assets of the commercial lenders in the review period has been on account of a robust growth trajectory especially in credit, securities portfolio (notably in debt), cash and precious metals and claims on banks.
The commercial banks' total credit soared 8.2% year-on-year to QR1.17tn with domestic credit expanding 8.64% to QR1.1tn and overseas credit by 2.21% to QR74.93bn in February this year.
The commercial banks' total credit to public sector saw 14.6% year-on-year growth to QR409.92bn and those to the private sector by 5.21% to QR750.89bn, while those to non-banking financial institutions were down 2.69% to QR13.77bn in March this year.
The total securities portfolio, which is the second largest component of the commercial banks' assets side, witnessed 12.54% year-on-year jump to QR219.49bn in March 2021.
The domestic securities portfolio was seen surging 13.85% to QR200.99bn; while overseas securities portfolio was flat at QR18.5bn in the review period.
Of the total QR219.49bn securities portfolio; debt (conventional) was to the extent of QR141.14bn, which grew 22.1% year-on-year; and sukuk of QR73.4bn, which was however down 1.86% year-on-year in March 2021.
The domestic debt shot up 25.25% on a yearly basis to QR128.46bn, while the overseas debt shrank 2.69% to QR12.68bn in March this year.
The government’s total debt fell 4.09% year-on-year to QR97.72bn with domestic debt declining 3.64% to QR90.09bn and foreign debt by 9.06% to QR7.63bn in the review period.
The banks’ total debt expanded 14% year-on-year to QR9.85bn in March 2021 with their domestic debt witnessing a 15.12% surge to QR6.32bn and overseas debt by 12.06% to QR3.53bn.
The debt issued by neither the government nor banks grew about seven-fold to QR33.558n, mainly from the domestic side, in the review period.
Within the securities portfolio, total sukuk shrank 1.86% year-on-year to QR73.4bn in March 2021. The domestic sukuk fell 1.84% to QR70.38bn and overseas sukuk by 2.27% to QR3.02bn in the review period.
Of the total sukuk, the government’s issuance amounted to QR67.78bn (down 3.21%), those from the banks stood at QR4.25bn (up 19.05%) during the review period.
The commercial banks’ claim on the central bank increased by 13.76% year-on-year to QR77.57bn in March 2021, of which required reserve amounted to QR41.08bn that expanded 3.58% on a yearly basis.
The commercial banks' cash and precious metals were valued at QR22.14bn in March 2021, which surged 24.8% year-on-year.
The commercial banks' total claims on banks witnessed 25.82% increase year-on-year to QR170.588bn this March with domestic claims expanding 4.03% to QR59.67bn and overseas by about 1% to QR78.86bn.