FINANCIAL NEWS

Qatar’s local private sector deposits grow by QR2.4bn

02 May 2017

(MENAFN) Qatar banks’ assets increased by QR18.1bn to QR1.28tr in March, compared to the previous month, while the whole local private sector deposits at local banks grew by QR2.4bn.

However, the total banks’ deposits at Qatar Central Bank witnessed a QR1bn drop to touch QR43.3bn, while the breakdown shows QR36bn as the obligatory reserve balance.

Additionally, the reserve balance is set by QCB at the rate of 4.75 percent of the total customers’ deposits at each bank, which is deposited permanently and with no interest.

Meanwhile, government and the public sector’s whole loans declined almost QR13.8bn to QR305bn, while government loans reached QR150.9bn.

MENAFN0205201700450000ID1095445224

MENAFN0205201700450000ID1095445224

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more

This site is registered on wpml.org as a development site.