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
 Dec 22 2014 - MoI discusses setting up national strategic plan to fight drugsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  The Ministry of Interior, MoI, has discussed ways to establish the first national strategic plan to combat drugs. The discussion took place during a specialised ...

 Dec 22 2014 - GCC Secretary-General hails initiative of Saudi King on Qatar, Egypt reconciliationEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  Dr. Abdullatif bin Rashid Al Zayani, GCC Secretary-General, expressed satisfaction with the initiative of the Custodian of the Two Holy Mosques, King Abdullah ...

 Dec 22 2014 - Etihad Airways goes double daily to MelbourneEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  Etihad Airways today announced plans for a second daily non-stop service between Abu Dhabi and Melbourne from 1st August 2015.The additional flight will be ...

 Dec 22 2014 - Dubai Municipality launches recycling initiative at Safa ParkEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  Dubai Municipality has launched an initiative to encourage Safa Park visitors to exchange their recyclables, such as plastic and cans, in exchange for Union ...

 Dec 22 2014 - Ducab Aluminium begins construction of new facility in KizadEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  Abu Dhabi Ports Company, ADPC, has announced that Ducab Aluminium Company has broken ground for its new aluminium rod and conductor facility at Kizad.After ...

 Dec 22 2014 - Kuwaiti Emiri Diwan mourns death of Sheikha Sabah Al-Nasser Al-SabahEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  The Kuwaiti Emiri Diwan today mourned the death of Sheikha Sabah Al-Nasser Al-Sabah, spouse of His Highness Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah.According ...

 Dec 22 2014 - OPEC daily basket price Friday 19th DecemberEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  The price of OPEC's basket of twelve crudes stood at US$55.52 a barrel on Friday, compared with $56.30 the previous day, according to OPEC Secretariat ...

 Dec 22 2014 - World Islamic Travel Summit to debut in Abu DhabiEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  The World Islamic Travel Summit, WITS15, the largest showcase of Halal travel and tourism solutions, is to debut in Abu Dhabi next October.The pioneering ...

 Dec 22 2014 - DEWA sponsors first Emirati student to Lima Climate Change Conference in PeruEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  Bader Al Hammadi, an Emirati student and Carbon Ambassadors Programme member, has participated in the United Nations COP20 Climate Change conference in Lima, ...

 Dec 22 2014 - China tops Algeria's supplier list for second yearEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM))  China has emerged as Algeria's largest supplier in the first 11 months of 2014, figures from customs showed on Sunday.China topped the list of the largest ...

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