07 February 2016
DOHA: Qatar banks' combined credit facilities surged 19.5 percent to QR740bn in November on year-on-year. Qatar Central Bank's (QCB) data for the month of November 2015, shows collective credit facility jumped QR18bn on month-on-month.
The banks' domestic credit rose to QR654bn in November 2015, from QR559bn recorded in November 2014.
Credit facilities to outside Qatar rose 41.66 percent to QR85bn. Public sector credit rose to QR235bn in November 2015, up from QR220bn during the same month in 2014.
The credit to real estate sector surged to QR117bn in November '15, from QR89bn in November 2014. Credit to trading sector increased to QR55bn from QR47bn a year ago. Credit facility to the industries sector stood at QR12bn, up from QR10bn a year ago, while the facility to contractor sector rose to QR37bn from QR29bn.
However, on month-on-month the credit to the sector declined by QR1bn.
The central bank data indicates the commercial banks' credit to private sector in November 2015 rose to QR418bn from QR338bn a year ago. Domestic investments rose to QR144bn from QR128bn in November 2014.
Qatar's total money supply (M1) rose to QR125bn in November, up 1.9 percent compared to QR123bn recorded in the same month in previous year. The country's average movement in money supply (M2) continued to grow to hit QR518bn or 3.1 percent up on year-on-year.
M1 measures a country's most liquid components of the money supply, as it contains cash and assets that can quickly be converted to currency. M2 includes savings deposits, money market mutual funds and other time deposits, which are less liquid and but can quickly be converted into cash or deposits.
The quasi money supply is up 3.5 percent on year-on-year. It jumped to QR393bn from QR379bn recorded in November 2014. Quasi money means saving and deposits of private sector, government institutions, and semi government institutions in Qatari Riyal plus their deposits in foreign currencies.
According to the central bank data, the combined assets of commercial bank rose to QR1.09 trillion from QR978bn a year ago.
The central bank's total assets declined to QR197bn in November 2015 against QR232bn a year ago. QCB's net international reserves also slipped to QR138bn in November 2015 from QR167bn on year-on-year.
DOHA: Qatar banks' combined credit facilities surged 19.5 percent to QR740bn in November on year-on-year. Qatar Central Bank's (QCB) data for the month of November 2015, shows collective credit facility jumped QR18bn on month-on-month.
The banks' domestic credit rose to QR654bn in November 2015, from QR559bn recorded in November 2014.
Credit facilities to outside Qatar rose 41.66 percent to QR85bn. Public sector credit rose to QR235bn in November 2015, up from QR220bn during the same month in 2014.
The credit to real estate sector surged to QR117bn in November '15, from QR89bn in November 2014. Credit to trading sector increased to QR55bn from QR47bn a year ago. Credit facility to the industries sector stood at QR12bn, up from QR10bn a year ago, while the facility to contractor sector rose to QR37bn from QR29bn.
However, on month-on-month the credit to the sector declined by QR1bn.
The central bank data indicates the commercial banks' credit to private sector in November 2015 rose to QR418bn from QR338bn a year ago. Domestic investments rose to QR144bn from QR128bn in November 2014.
Qatar's total money supply (M1) rose to QR125bn in November, up 1.9 percent compared to QR123bn recorded in the same month in previous year. The country's average movement in money supply (M2) continued to grow to hit QR518bn or 3.1 percent up on year-on-year.
M1 measures a country's most liquid components of the money supply, as it contains cash and assets that can quickly be converted to currency. M2 includes savings deposits, money market mutual funds and other time deposits, which are less liquid and but can quickly be converted into cash or deposits.
The quasi money supply is up 3.5 percent on year-on-year. It jumped to QR393bn from QR379bn recorded in November 2014. Quasi money means saving and deposits of private sector, government institutions, and semi government institutions in Qatari Riyal plus their deposits in foreign currencies.
According to the central bank data, the combined assets of commercial bank rose to QR1.09 trillion from QR978bn a year ago.
The central bank's total assets declined to QR197bn in November 2015 against QR232bn a year ago. QCB's net international reserves also slipped to QR138bn in November 2015 from QR167bn on year-on-year.
© The Peninsula 2016
