The Group Securities: Overview of Banks’ Consolidated Balance Sheet Data for January 2017

February 26, 2018

The Group Securities presents a detailed reading of banks' consolidated balance sheet figures as of January 2018, compared to the previous month of December. Figures show that banks' assets (and liabilities) increased by QR3.1 billion to QR1366.7 billion by the end of January, compared to QR1363.6 billion by the end of December, 8.3% higher than a year earlier, which represents an increase of QR104.8 billion.

Government and Public Sector:

Government and public sector deposits have decreased by QR18.9 billion to QR296.5 billion. Government deposits recorded QR82 billion, while the deposits of government institutions settled at QR183.8 billion. The deposits of semi-government institutions, in which government share is less than 100% and more than 50%, stood at QR30.8 billion. On the other hand, the total loans of the government and public sector increased by QR7.4 billion to reach QR349.1 billion, broken down as follows:

·         Government: QR182.6 billion, up by QR7.2 billion;

·         Government institutions: QR146.5 billion, a slight hike of QR0.3 billion;

·         Semi-governmental institutions: QR19.8 billion, a drop of QR0.1 billion.

In addition to the foregoing, figures suggest that the balance of government bonds and bills decreased by QR3.7 billion to QR152.8 billion. As a result, the total domestic public debt (government, government institutions and semi-government institutions, as well as bonds, bills and sukuk) increased by QR3.7 billion to QR501.9 billion.

Private Sector:

The total domestic private sector deposits at local banks increased by QR2.1 billion to QR358.6 billion, by the end of January, which is QR1.7 billion higher than a year ago in January 2016, this translates to an annual growth rate of 0.5%. Total domestic loans and credit facilities provided by banks to the local private sector increased by QR1.9 billion to QR463.4 billion; out of which QR146.7 billion for the real estate sector, QR123.4 billion for individuals’ consumer loans, QR67.5 billion for trade and QR62.6 billion for services. In addition, there were loans and facilities amounting to QR17.4 billion for the non-banking financial sector.

Foreign Sector:

Commercial banks' investments in securities outside Qatar dropped by QR0.2 billion to QR18.2 billion, while their assets at foreigner banks increased by QR1.3 billion to QR78.6 billion. Local banks' loans to foreign parties increased by QR0.7 billion to QR91.2 billion, as well as their investments in foreign companies by QR0.2 billion to QR40.2 billion. Other assets outside the country increased by about QR0.2 billion to reach QR4.5 billion.

In contrast, foreign banks deposits from local banks increased by QR19.4 billion to QR193.7 billion. Domestic banks' foreigner debt, in the form of bonds and certificates of deposit, increased by QR0.4 billion to QR47.1 billion. The balance of foreign deposits at Qatari banks dropped by QR0.1 billion to QR137 billion.

By comparing domestic and foreign assets with liabilities, we deduce that net liabilities of the banking sector to foreigner entities increased by QR17.5 billion by the end of January to QR145.1 billion.