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.