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The Group
Securities Review of Banks Consolidated Balance Sheet Data of
June 2017
July 24, 2017
The Group
Securities Company presents a detailed reading of the changes
that took place in banks consolidated balance sheet in June
2017, compared to the situation at the end of last May, as such
data helps to understand the situation of the domestic
liquidity. Figures of the consolidated balance sheet, which have
been recently posted on Qatar Central Bank website, shows that
banks' assets (and liabilities) decreased by the end of June by
QR 7.7 billion to reach the level of QR 1305.8 billion; compared
with QR 1313.5 billion by the end of May but it was higher than
its level before June 2016 about QR 127.2 by the rate of 10.8%.
Prior to presenting June figures, we note that
the total profits of national banks in the first half of 2017
rose 1.9% to QR 10.9 billion compared to the situation in the
corresponding period last year. The ratio of net profit to
average shareholders' equity in these banks was 7% compared to
5.7% in the corresponding period of the previous year.
Government and
the Public Sector:
Government and
public sector deposits increased by around QR 41. 9 billion to
reach the level of QR 242.2 billion, broken down as follows: QR
86.1 billion for government; QR 129.3 billion for government
institutions; and QR 26.8 billion for semi-governmental
institutions, in which government share is less than 100% and
more than 50%. On the other hand, government and the public
sector's total loans decreased about QR 13.6 billion to reach QR
314.8 billion, broken down as follows:
· Government: QR 155.4 billion, down by
QR 16 billion;
· Governmental institutions: QR 143.8
billion with an increase of QR 2.4 billion;
· Semi - Governmental institutions: QR
14.9 billion, down QR 0.1 billion.
In addition to
the foregoing; the balance of Qatar Government bonds and bills
with banks decreased QR 1.4 billion to reach the level of QR
128.4 billion. The total domestic public debt (government,
government institutions, quasi-governmental institutions, bills
and bonds) decreased QR 15.1 billion to reach the level of QR
442.6 billion.
The Private
Sector:
The total
domestic private sector deposits at local banks, by the end of
June decreased by QR 21.9 billion to reach the level of QR 344.9
billion; yet, it was still higher by about QR 8 billion above
its level in June 2016 i.e. 2.4%. Total domestic loans and
credit facilities provided by banks to the local private sector
increased by QR 6.9 billion to reach QR 448.5 billion; out of
which QR 137.4 billion for real estate’s sector, QR 122.6
billion for individual’s consumer loans, QR 64 billion for trade
and QR 62.6 for services. There were also loans and facilities
worth QR 17 billion for the non-banking financial.
Foreign Sector:
Banks
investments in securities outside Qatar decreased about QR 2.7
billion to reach the level of QR 20.7 billion. Local banks
assets at banks outside Qatar decreased by QR 8.5 billion to
reach QR 93.7 billion. Bank loans to foreign parties increased
QR 0.6 billion to reach the level of QR 97.1 billion and banks
investments in foreign companies increased QR 0.3 billion to
reach QR 39.9 billion.
In contrast, foreign banks liabilities on banks in Qatar
decreased QR 41.8 billion to reach the level of QR 192.7
billion. While the indebtedness of local banks to foreign
parties, in form of bonds and certificates of deposit, settled
at the level of QR 48 billion. The balance of foreign deposits
at Qatari banks decreased QR 14 billion to QR 170.6 billion. By
reconciling assets at home and abroad with liabilities, we find
that banking sector's debt to the outside world has decreased
about QR 3.9 billion below the level of debts in May.
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