The Qatari Central Bank revealed that the total assets of banks increased by about 12.3 billion riyals in July compared to last May, to reach 1790.1 billion riyals. The assets of Islamic banks rose by about 1.7 billion riyals to 481.5 billion riyals, while the assets of conventional banks rose by 11.8 billion riyals to 1258.3 billion riyals, while the assets of specialized banks rose to a limited extent to 13.35 billion riyals. As for Arab and foreign banks, their assets decreased in a limited way to 36.94 billion riyals.
As for the credit facilities of banks, they rose by about 17 billion riyals to reach the level of 1229 billion riyals, and were distributed as follows: Islamic banks, and their profits increased by 2.3 billion riyals to 348.9 billion riyals. Conventional banks increased their facilities by about 15.4 billion riyals to reach 857.4 billion riyals, while specialized banks increased their facilities to 7.36 billion riyals, and Arab and foreign banks increased their facilities by about 0.1 billion riyals to 15.8 billion riyals.
Interest rates on annual deposits increased to 1.92 percent, while interest rates on facilities for a period of one to three years decreased to 4.04 percent.
Source (Al-Raya Newspaper-Qatar, Edited)
