The QNB Group report showed an increase in the total assets of the banking sector in Qatar in March 2022 by 0.8% compared to the previous month, recording an increase of 0.3% to reach 1.832 trillion Qatari riyals.
According to the report, in March of 2022, the total banking sector loan portfolio in Qatar increased by 0.4% compared to the previous month (recording -0.1% in 2022), while deposits increased by 0.3% compared to the previous month (Recording -0.7% in 2022). The public and private sector pushed the credits up, recording a growth of 0.6% in March compared to the previous month. While deposits increased by 0.3 percent in March, the loan-to-deposit ratio recorded a slight increase of 125.6% in the same month, compared to 125.5% in February 2022.
The public sector deposits for the month of March of 2022 increased by 4.2% compared to the previous month (recording a growth rate of 0.9% in 2022), which led to the general increase in deposits. While private sector deposits increased by 0.2 percent compared to the previous month, where they recorded 3.2 percent in 2022.
The source (Al-Arab London Newspaper, Edited)
