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FINANCIAL NEWS
Qatar public sector deposits drop 5 percent in Nov.
24 Dec 2013
(MENAFN) Qatar’s public sector deposits dropped 5 percent last month from the month before it, The Peninsula reported.
Public sector deposits, however, increased 28.1 percent year-to-date, while private sector deposits increased 3.7 percent month-on-month and 15.1 percent year-to-date.
The government institutions segment increased 1.4 percent, compare to a 4.9 percent increase in October.
QNB said: “We believe public sector loan growth will be the primary driver of the overall loan book in 2014. Our assumption is based on the expected uptick in project mobilizations in the coming months.”
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