Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Real estate loans by banks up to QR85.4bn  Join our daily free Newsletter

MENAFN - The Peninsula - 28/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) The assets and liabilities of Banks in Qatar have increased by QR13.1bn, up 1.5 percent to reach QR915.9bn in December 2013, compared to QR902.8bn at the end of November 2013. Total credit facilities to the real estate sector increased by QR2.5bn to QR85.4bn in December



Figures of the consolidated balance sheet of the banks published by Qatar Central Bank (QCB) show the Banks' deposits at the QCB decreased about QR3.7bn to reach QR31.5bn in December. The government and public sector deposits have also decreased by QR1.4bn to QR230.1bn in December. On the other hand, the total government and the public sector loans increased by QR2bn to reach QR239.7bn



The Group Securities that analyzed the QCB data noted the total local private sector deposits at banks by the end of December increased by around QR11.8bn to reach QR277.4bn in addition to QR7.3bn deposits of non-banking financial institutions.



The total loans and credit facilities provided by domestic banks to the domestic private sector in December increased by around QR4.4bn to QR286.3bn in addition to loans worth QR6.9bn for the non-bank financial sector



The total credit facilities to the real estate sector increased by QR2.5bn in December. Loans and credit facilities to the trade sector grew by QR1.4bn to reach QR36bn. Credit to the services and contractors rose by QR0.2bn and 0.9bn respectively. While the credit facilities to the services sector amounted to QR44.8bn, facilities to the Contractors amounted to QR23.3bn. credit facilities to the industrial sector rose by QR1.6bn to QR11.6bn and "other sectors" saw decrease of QR1.1bn to QR5bn



Banks' investments in securities outside Qatar decreased by QR0.2bn to reach QR25.4bn and distributed bonds and Sukuk worth QR22.1bn, shares and others QR3.3bn



Banks' deposits or assets with banks outside Qatar increased by QR7.5bn to reach QR68.6bn. Lloans to parties outside Qatar increased by QR1bn to reach QR42.3bn. In contrast, liabilities of local banks to foreign banks decreased by QR7.4bn to QR120.7bn and debts of local banks to parties outside Qatar in form of Bonds, certificates of deposit and other decreased by qR0.7bn to reach QR45.6bn.



Deposits or assets of banks with other local banks decreased by QR0.3bn to become QR17.7bn, also liabilities of local banks from other banks inside Qatar increased by QR0.2bn to QR16.9bn



Banks' capital and reserves settled at the level of QR114.8bn. Other non-classified liabilities increased by QR0.7bn to reach QR39.2bn. Banks' assets of cash and precious metals increased by QR0.1bn to the level of QR4.4bn in December 2013


 


The Peninsula




  MENA News Headlines
 Jun 30 2015 - Major Movers: Capital Lease Aviation Mountfield Group Motive TV San Leon Energy Wim SinclairProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Below are some of the main news-driven share price changes at 10.30am. RISERS Capital Lease Aviation (LON:CLA) up 12.4%. The commercial passenger aircraft leasing company ...

 Jun 30 2015 - UPDATE - Northcote Energy starts new well at Shoats CreekProactiveInvestors - UK
(MENAFN - ProactiveInvestors)-ADDS DETAIL FROM FINANCIAL RESULTS STATEMENT- Northcote Energy (LON:NCT) has begun drilling operations on a new well at the Shoats Creek property in Louisiana. The ...

 Jun 30 2015 - Obtala puts a little more meat on the bones of divestment planProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Obtala Resources (LON:OBT) said its strategy for 2015 will revolve around spinning out the timber business from the farming and retail businesses in order to realise more ...

 Jun 30 2015 - SolGold sees consistent copper shows in latest hole at CascabelProactiveInvestors - UK
(MENAFN - ProactiveInvestors)SolGold's (LON:SOLG) final assays from the eleventh hole at Cascabel showed copper indications continued over the final 600m. A bulk interval of 636m at 0.58% copper and ...

 Jun 30 2015 - Jubilee pays second tranche for DCMProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Jubilee Platinum (LON:JLP) said it had handed over the second of three share-based payments for the DCM project in South Africa for £207000 as it revealed it has received ...

 Jun 30 2015 - Madagascar Oil poised for catalysts as Tsimiroro advancesProactiveInvestors - UK
(MENAFN - ProactiveInvestors)It is very rare for a company as small as Madagascar Oil (LON:MOIL) to have a resource as large as Tsimiroro so says recently appointed chief executive Robert Estill. ...

 Jun 30 2015 - Sula expects gold trench results within three weeksProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Sula Iron & Gold (LON:SULA) expects to report recent gold programme results from its Ferensola project in Sierra Leone in coming weeks as discussions continue it said ...

 Jun 30 2015 - Al Omaniya to acquire United FinanceMENAFN
(MENAFN) Al Omaniya is set to submit a full acquisition offer for Oman's United Finance, a deal which UF's board has been considering for a while, Reuters reported.Last month, United Finance asked ...

 Jun 30 2015 - British buyer purchases USD19m villa on Dubai's Palm JumeirahMENAFN
(MENAFN) An undisclosed British buyer purchased USD19 million luxury villa on Palm Jumeirah in the United Arab Emirates, which marked an unprecedented pricing for the emirate of Dubai, Arabian ...

 Jun 30 2015 - Saudi USD11.6b KAFD completion date remains undecidedMENAFN
(MENAFN) King Abdullah Financial District (KAFD), the USD11.6 billion smart city of Saudi Arabia, has always been praised as a compelling attraction for visitors but its completion date remains yet ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help