The Qatar Central Bank revealed a significant increase in the volume of commercial bank assets at the end of January, reaching about 12 billion riyals compared to last December, with an increase of 133.4 billion riyals, and a percentage of 8.5 compared to January 2020, to reach the level of 1694.2 billion riyals.
The total cash and balances with Qatar Central Bank decreased by the end of January 2021 from last December by 1.6 billion riyals to the level of 85.6 billion riyals, but it was higher than it was in January 2020 by 40 percent, as it was 62.5 billion riyals.
According to data from the Central Bank, the balances with banks abroad increased by 6.1 billion riyals compared to last December to 92.1 billion riyals, while it was 86 billion riyals in December, and 93.3 billion riyals a year ago in January 2020. As for the credit granted by banks outside Qatar, it has remained stable and reached 74.9 billion riyals in January 2021, compared to 75.4 billion riyals last December, and 74.8 billion riyals a year ago in January 2020.
As for investments abroad, they also remained stable during the past year, with limited increases, amounting to 57.6 billion riyals in January 2021, compared to 57.2 billion riyals last December, and 58.7 billion a year ago.
Source (Al-Raya Newspaper-Qatar, Edited)
