Customers’ deposits of commercial banks in Qatar witnessed a 7.58% year-on-year expansion to QR974.11bn in December 2021, according the central bank data.
The total customers’ deposits accounted for more than 53% of the commercial banks’ liabilities during the review period, Qatar Central Bank figures revealed.
Of the total customer deposits, the private sector contributed QR620.83bn or 64% of the total in December 2021. The private sector deposits had seen 7.38% annual growth in December 2021.
Public sector deposits saw a faster 10.3% expansion year-on-year to QR306.88bn or 32% of the total customer deposits in December 2021; whereas deposits from non-banking financial institutions witnessed a 4.21% decline to QR46.4bn or about 5% of the total customer deposits.
Domestic deposits rose 5.01% to QR693.44bn, which accounted for 71% of the total deposits; and overseas deposits grew faster at 14.48% to QR280.67bn or 29% of the total.
The domestic deposits of the private and public sector were seen expanding 2.6% and 9.64% to QR391.14bn and QR288.68bn respectively, while those of the non-banking financial institutions declined 13.84% to QR13.63bn in the review period.
Within the domestic sector, the deposits of the real estate segment more than doubled year-on-year to QR11.79bn or 2% of the total domestic deposits, those of government shot up 31.01% to QR100.38bn (14%), industrials by 29.7% to QR53.89bn (8%), trading by 8.8% to QR33.26bn (5%) and personal by 1.28% to QR217.53bn (31%); whereas those of contracting declined 11.61% to QR11.11bn (2%) and services by 3.62% to QR238.08bn (34%) in the review period.
Within the domestic sector, the deposits of semi government institutions were seen expanding 19.54% year-on-year to QR36.64bn, which accounted for 5% of the total domestic deposits.
The local and foreign currency deposits of the semi-government institutions rose 33.13% and 7.7% to QR19.01bn and QR17.63bn respectively in December 2021.
The deposits of private sector corporates rose 4.09% year-on-year to QR171.87bn, which constituted about one-fourth of the total domestic deposits in the review period.
The local and foreign currency of the private sector corporates expanded 2.64% and 6.8% to QR110.29bn and QR61.58bn respectively in December 2021.
The deposits of the government institutions stood at QR151.65bn or about 22% of the total domestic deposits in December 2021. Such deposits however declined 2.8% year-on-year in the review period.
The local currency deposits of the government institutions was down 12.15% year-on-year to QR77.86bn; whereas those in foreign currency were up 9.5% to QR73.79bn in the review period.
Similarly, the local currency deposits of the non-banking financial institutions fell 20.42% year-on-year to QR8.91bn; while those in foreign currency shot up 26.88% to QR4.72bn in December 2021.