Qatar’s bank credit grows 3.5% in July – QCB

Mubasher: Bank lending in Qatar witnessed a 3.46% year-on-year increase in July, Qatar Central Bank (QCB) said.

Loans increased to QAR 922.01 billion ($253.28 billion) in July, compared to QAR 891.21 billion ($244.83 billion) in the same month a year earlier.

On a monthly basis, loans declined 0.8% last month, against QAR 929.78 billion in June.

The central bank attributed the monthly lending decrease to a drop in public sector's credit facilities, which went down 2.84% to QAR 338.58 billion in July from QAR 348.49 billion in the previous month.

As for the private sector, bank lending inched up 0.37% to QAR 566.85 billion in July, from QAR 564.78 billion in the prior month.

Meanwhile, bank credit to non-banking financial institutions operating in the world’s biggest LNG exporter rose 0.36% to QAR 16.58 billion in July versus QAR 16.52 billion in the previous month.

Mubasher Contribution Time: 29-Aug-2018 11:53 (GMT)
Mubasher Last Update Time: 29-Aug-2018 11:58 (GMT)