Quotes: 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
 Jul 5 2015 - Emaar Misr to add USD2.26b to market capitalizationMENAFN
(MENAFN) Emaar Misr will add USD2.26 million to the market capitalization after being listed over the Cairo bourse, according to the bourse chief, Amwal Alghad reported.The affiliate of the United ...

 Jul 5 2015 - Saudi Looks for 'Guinness' Record with 50,000 Coins MuralSaudi Press Agency
(MENAFN - Saudi Press Agency) A Saudi citizen seeks to set a Guinness Record with drawing the largest painting mural in the world with more than 50,000 coins, in support of his talent initiated since ...

 Jul 5 2015 - PM: Jordan is a stable country with well-defended bordersJordan News Agency
(MENAFN - Jordan News Agency) Prime Minister Abdullah Ensour said Jordan is a stable country, owing its security to the wisdom of its leadership and its people's awareness, which are its source of ...

 Jul 5 2015 - Jordan- Moderate weather forecast until TuesdayJordan News Agency
(MENAFN - Jordan News Agency) The weather will be moderate until Tuesday in the hilly areas while it will be relatively hot to hot in the Badia, the Jordan Valley and Aqaba with high clouds and ...

 Jul 5 2015 - Israeli forces arrest 9 PalestiniansJordan News Agency
(MENAFN - Jordan News Agency) Israeli occupation troops arrested 9 Palestinians in the occupied West Bank, the Palestinian Interior Ministry said in a statement Sunday.The occupation forces broke ...

 Jul 5 2015 - Jordan- Border guards receive 275 new Syrian refugeesJordan News Agency
(MENAFN - Jordan News Agency) A total of 275 Syrian refugees from various age groups, entered the Kingdom through various crossing points during the past 72 hours.The border guards provided the ...

 Jul 5 2015 - Kuwait- His Highness the Amir cables President of Venezuela on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent on Sunday to the President of Venezuela Nicolas Maduro a cable of congratulation on the ...

 Jul 5 2015 - Kuwait- Message from His Highness the Amir delivered to Nicaraguan PresidentKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The State of Kuwait's non-resident ambassador to Nicaragua, Samih Johar Hayat, has delivered a message from His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber ...

 Jul 5 2015 - Kuwait- His Highness the Amir cables President of Cape Verde on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent on Sunday to the President of Cape Verde Jorge Carlos Fonseca a cable of congratulation on the ...

 Jul 5 2015 - Terrorism main topic of Arab Parliament's urgent meetingKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Arab Parliament (AP) held an urgent meeting here Sunday which focused on the recent terrorist attacks that hit a number of Arab countries.A press release by ...

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