Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Qatari banks' loan book declines in July  Join our daily free Newsletter

MENAFN - The Peninsula - 21/08/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) The loan book of banks in Qatar fell by one percent month-on-month (MoM) while deposits declined by 2.7 percent in the month of July 2014. After posting a growth of 1.9 percent MoM in June 2014, primarily due to pick-up in credit off-take from the international and private segments, loans fell by 1.0 percent with public sector declining by 4.4 percent MoM.

On the other hand, deposits also declined by 2.7 percent with public sector deposits declining by 3.8 percent MoM. Thus, the LDR climbed to 106 percent vs 104 percent in June. "Going forward, post the summer lull, we expect increased activity in the sector. We expect improvement in the public sector, in addition to large corporate loan growth to be the primary drivers of the overall loan book in 2014 followed by the SMEs and consumer lending. Our view is based on the expected uptick in project mobilisations in the coming months." QNB Financial Services monthly banking sector update noted yesterday.

The public sector led the decline in deposits for the month of July 2014. Public sector deposits fell by 3.8 percent MoM. Delving into segment details, the government institutions' segment improved by 0.2 percent MoM and is up 2.2 percent YTD 2014. On the other hand, the semi-government institutions' segment posted a decline of 6.5 percent MoM and down 23.7 percent YTD. Moreover, the government segment decreased by 8.7 percent MoM .

Private sector deposits declined by 1.8 percent MoM, and is up by 9.0 percent YTD 2014. On the private sector front, the companies & institutions' segment declined by 2.1 percent MoM while the consumer segment receded by 1.5 percent MoM.

The overall loan book declined by 1.0 percent MoM after a growth of 1.9 percent MoM in June 2014. International credit, the primary driver of the MoM growth in June, increased by 1.1 percent MoM. Total domestic public sector loans declined by 4.4 percent MoM and is down 4.2 percent YTD. The government segment's loan book declined by 9.3 percent MoM and is down by 1.8 percent YTD 2014.

Moreover, the government institutions' segment declined by 3.8 percent MoM and is down 9.0 pecent YTD. However, the semi-government institutions' segment expanded by 2.2 percent MoM . Private sector loans gained by 1.1 percent MoM and are up 8.2 percent YTD. Consumption & Others increased by 3.8 percent MoM. Furthermore, the Real Estate segment grew by 1.2 percent MoM .

However, the Services segment posted a decline of 3.7 percent MoM and is up 13.8 percent in the first seven months of 2014. Overall, Contractors and Services segments are the best performing segments in the private sector YTD.

 


The Peninsula




  MENA News Headlines
 Oct 1 2014 - GCC needs to produce dynamic non-oil sectorMENAFN
(MENAFN) According to the International Monetary Fund (IMF), in order to maintain sustainable growth, the Gulf Co-operation Council (GCC) countries have to produce a dynamic non-oil tradable sector ...

 Oct 1 2014 - Kuwait to host 23rd Gulf Cup of NationsArab Times
(MENAFN - Arab Times) KUWAIT CITY Sept 30 (KUNA): Kuwait will host the 23rd edition of the Gulf Cup of Nations Kuwait Football Association (KFA) Secretary General Saho Al-Saho said Tuesday. Al-Saho ...

 Oct 1 2014 - Abu Dhabi airport's passenger traffic up 24.8 percent in AugustMENAFN
(MENAFN) Abu Dhabi International Airport's passenger traffic increased by 24.8 percent in August compared to the same month last year, with a total of 1.920.934 passengers passing through the airport ...

 Oct 1 2014 - US Mondelez International to invest USD90m in plant in BahrainMENAFN
(MENAFN), the packaged food company, announced it is planning to build a USD90 million biscuit plant in Bahrain, which will help the company reduce costs and meet growing demand for its biscuits, ...

 Oct 1 2014 - Oman interested to invest in CyprusMENAFN
(MENAFN) Oman's Minister of Oil and Gas said that the country is very interested in investing in Cyprus, particularly in the field of research and exploitation of natural gas, Muscat Daily ...

 Oct 1 2014 - Emirates to launch new Dallas flightsMENAFN
(MENAFN) Emirates announced it has launched its first scheduled A380 daily service to Dallas Fort Worth International Airport, Gulf Business reported.The airline said it expects that the business ...

 Oct 1 2014 - Dubai Development Co. considering several offers of merger or acquisitionMENAFN
(MENAFN) Dubai Development Co, the company responsible for the Mirdif area of the emirate, announced it is considering several external offers of merger or acquisition, Arabian Business reported.The ...

 Oct 1 2014 - Etihad Rail starts on second phase of USD11bn UAE rail networkMENAFN
(MENAFN) Etihad Rail, the UAE's railway developer, announced it is set to secure government funding and award contracts for the construction of the second phase of its USD11 billion national rail ...

 Oct 1 2014 - Oman Sail teams upbeat over ESS Act 7 challengeMuscat Daily
(MENAFN - Muscat Daily) As the 2014 Extreme Sailing Series (ESS) gears up for Act 7 in Nice France to be held later this week Oman Sail's teams on The Wave Muscat and Oman Air are relishing the ...

 Oct 1 2014 - Oman settles for seventh place in Asiad hockeyMuscat Daily
(MENAFN - Muscat Daily) Basim Khatar struck the winner for Oman as it rallied from a goal down to defeat Bangladesh 3-2 in a playoff and clinch the seventh place in hockey in the 17th Asian Games at ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help