The Group Securities: Overview of Banks’ Consolidated Balance Sheet Data for March 2018

April 22, 2018

The Group Securities presents a detailed reading of banks' consolidated balance sheet figures as of March 2018, compared to the previous month of February. Figures show that banks' assets (and liabilities) increased by QR15.5 billion to QR1394.8 billion by the end of March, compared to QR1379.3 billion by the end of February, 8.8% higher than a year earlier, which represents an increase of QR112.3 billion.

Government and Public Sector:

Government and public sector deposits have increased by QR8.3 billion to QR309 billion. Government deposits recorded QR88.2 billion, while the deposits of semi-government institutions, in which government share is less than 100% and more than 50%, stood at QR29.4 billion. On the other hand, the total loans of the government and public sector increased by QR9.9 billion to reach QR351 billion, broken down as follows:

·        Government: QR184.5 billion, down by QR8.2 billion;

·        Government institutions: QR146.4 billion, a slight decrease of QR0.3 billion;

·        Semi-governmental institutions: QR20.1 billion, up by QR0.4 billion.

In addition to the foregoing, figures suggest that the balance of government bonds and bills increased by QR2.6 billion to QR152 billion. As a result, the total domestic public debt (government, government institutions and semi-government institutions, as well as bonds, bills and sukuk) decreased by QR5.4 billion to QR503 billion.

Private Sector:

The total domestic private sector deposits at local banks decreased by about QR4.7 billion to QR356.5 billion, by the end of March. Total domestic loans and credit facilities provided by banks to the local private sector increased by QR13.9 billion to QR480.2 billion; out of which QR157.9 billion for the real estate sector (an increase of QR10.9 billion), QR125.8 billion for individuals’ consumer loans (up QR1.5 billion), QR68.3 billion for trade and QR64.9 billion for services. In addition, there were loans and facilities amounting to QR17.3 billion for the non-banking financial sector.

Foreign Sector:

Commercial banks' investments in securities outside Qatar rose by QR0.1 billion to QR18.1 billion, and their assets at foreigner banks increased by QR1.8 billion to QR83.3 billion. Local banks' loans to foreign parties dropped by QR3.8 billion to QR86.2 billion, while their investments in foreign companies increased by about QR0.2 billion to QR40.2 billion. Moreover commercial banks' other assets outside the country fell by about QR0.6 billion to reach QR3.98 billion.

In contrast, foreign banks deposits from local banks increased by QR6.3 billion to QR209.1 billion. Domestic banks' foreigner debt, in the form of bonds and certificates of deposit, increased by QR0.4 billion to QR48.6 billion. The balance of foreign deposits at Qatari banks increased by QR4.7 billion to QR146.7 billion.

By comparing domestic and foreign assets with liabilities, we deduce that net liabilities of the banking sector to foreigner entities increased by QR13.7 billion by the end of March to QR172.7 billion.