The data issued by the Qatari Central Bank showed that bank deposits decreased by 0.5 percent at the end of October compared to last September, to reach about 875.7 billion riyals, but they are 6.1 percent higher than their level a year ago (825.3 billion riyals). The data revealed a decrease in public sector deposits by about 10.2 billion riyals, to reach by the end of October to 256 billion riyals compared to 266.2 billion riyals last September, and it was 1.3% less than a year ago of 259.5 billion riyals in October 2019. On the other hand, private sector deposits witnessed in October a slight decrease compared to September at the level of 392.6 billion, and was 7 percent higher than its level in October 2019 of 366.9 billion riyals.
To that, the non-resident deposits increased in October by 6.5 billion riyals compared to last September (227.2 billion riyals), and they were 14.3 percent higher compared to their level of 198.8 billion riyals a year ago in October 2019. The data showed an increase in the total credit facilities granted by banks during October at about 18.6 billion riyals to 1123.8 billion riyals, from 1105.2 billion riyals last September, which was 12 percent higher compared to its level of 1003.3 billion riyals a year ago in October 2019.
Source (Al-Raya Newspaper-Qatar, Edited)
