Qatar Central Bank data revealed that the assets of commercial banks increased by the end of November to the level of 1652.8 billion riyals, that is, an annual increase of 9.6 percent compared to November 2019, and an increase of about 33.2 billion riyals, or 2 percent, compared to the month of last October.
The total cash and balances with the Qatar Central Bank by the end of November 2020 reached the level of 79.8 billion riyals, compared to 79.4 billion last October, and an annual increase of 37.8 percent from what it was in November 2019, which was at that time 57.9 billion riyals.
The balances with banks abroad increased during the month of November compared to last October by 15.6 billion riyals to 88.53 billion riyals, and an annual increase of 15.3 percent compared to November 2019 of 76.8 billion riyals.
Domestic credit (which constitutes 63.6% of total banking assets) rose in November by 2.3 billion riyals to 1050.6 billion. Compared to 1048.3 billion riyals last October, and an annual increase of 10.5 percent over what it was in October 2019, when it was 950.9 billion riyals.
Source (Al-Raya Qatari Newspaper, Edited)
