The data generated by the Qatari Central Bank showed that the assets of Qatari commercial banks increased by about 4.9 billion riyals in the end of August compared to last July, representing an annual increase of 180.5 billion riyals, or 11.3 percent compared to August 2020, to reach the level of 1781.6 billion riyals.
The total reserves of cash and balances with Qatar Central Bank stabilized at the end of August with a decrease of 1.2 billion riyals compared to July to the level of 99.1 billion riyals, while the balance was at the level of 89.1 billion riyals a year ago in August 2020.
On the other hand, bank balances abroad decreased by about 2.1 billion riyals to 85.07 billion riyals in August, compared to 87.13 billion riyals last July, while it was at 70 billion riyals a year ago in August 2020.
Investments abroad also recorded a slight increase to 57.32 billion riyals in August 2021, compared to 57.30 billion riyals last July, and 57.1 billion riyals in August 2020.
Whereas, the balance of cash in foreign currencies decreased in August to 9.14 billion riyals, compared to 9.56 billion riyals in July, while it was at 9.85 billion riyals a year ago.
Source (Al-Raya Newspaper-Qatar, Edited)
