Total assets of Qatari banks stood at QR1.8tn in January, up 8.6% on 2021, QNB Financial Services (QNBFS) has said in a report.
On a m-o-m (month-on-month) basis, however, the total assets declined by 1.4%.
Qatar banking sector's total loan book edged down by 0.2% m-o-m (+7.8% in 2021) and deposits went down by 1.4% m-o-m (+7.6% in 2021) in January.
Public sector pushed the credit lower (down 1.3% m-o-m in January). As deposits declined by 1.4% in January, the loan to deposit (LDR) went up to 126.4% that month compared with 124.9% in December, 2021.
Public sector deposits moved down by 2.8% m-o-m (+9.6% in 2021) in January, resulting in the overall drop in deposits, QNBFS said.
Looking at segment details, the government segment (represents nearly 34% of public sector deposits) fell by 6.4% m-o-m (+35.2% in 2021).
The government institutions’ segment (represents nearly 53% of public sector deposits) went down by 1.4% m-o-m (-2.8% in 2021).
However, the semi-government institutions’ segment increased by 1.6% m-o-m (+11% in 2021). Non-resident deposits declined by 3.1% m-o-m (+14.5% in 2021).
Private sector deposits went up by 0.7% m-o-m (+1.9% in 2021). On the private sector front, the consumer segment went up by 1.6% m-o-m (+1.5% in 2021) while the companies and and institutions’ segment moved down by 0.3% m-o-m (+2.5% in 2021).
The overall loan book moved lower by 0.2% in January, QNBFS said. Domestic public sector loans went down by 1.3% m-o-m (+7.6% in 2021).
The government segment’s loan book declined by 4.8% m-o-m (+4% in 2021). However, the semi-government institutions’ segment moved up by 1.3% m-o-m (-1.9% in 2021).
The government institutions’ segment (represents 59% of public sector loans) went up by 0.8% m-o-m (+11% in 2021).
Total private sector loans moved up by 0.3% m-o-m (+9.5% in 2021) in January 2022. Services, general trade and consumption and others segment mainly contributed toward the private sector loan growth in January, QNBFS said.
Services (contributes nearly 29% to private sector loans) increased by 0.7% m-o-m (+15.8% in 2021). General trade (contributes nearly 21% to private sector loans) went up by 0.9% m-o-m (+11.1% in 2021). Consumption and others segment (contributes nearly 21% to private sector loans) moved up by 0.6% m-o-m (+3.1% in 2021).
However, real estate (contributes nearly 21% to private sector loans) declined by 0.8% m-o-m (+5.4% in 2021) during January, QNBFS added.