Commercial banks also posted 3.7% rise in assets to QR 1.96 trillion, says Central Bank
Qatar’s banking sector posted an increase in lending activity in April 2024, according to new official data.
Total domestic credit during the month reached QR 1.25 trillion ($343.4 billion), up by 4.7% compared to April 2023, the Qatar Central Bank (QCB) reported.
Total assets of commercial banks also expanded by 3.7% to QR 1.96 trillion during the same period, the banking authority reported on social media.
Also in a related report, the central bank noted that the total amount of liabilities of all commercial banks in the Gulf state stood at approximately QR 1.96 trillion as of April 2024.
The sound performance of the country’s banks is expected to continue this year, Fitch Ratings had forecast in February. The performance will be supported by hydrocarbon prices and higher interest rates.
In the first nine months of 2023, bank credit growth was muted due to large repayments and limited demand from the public sector, the ratings agency had said.
Last year, we surveyed firms in emerging markets backed by private equity (PE) and venture…
For commodity-exporting emerging market and developing economies (EMDEs), recent years have delivered something more unsettling…
The expansion of artificial intelligence has triggered a surge of investment and rising equity values…
Several countries are working to interlink their domestic fast payment systems in order to reduce…
Public services increasingly use predictive algorithms to direct scarce support towards those most at risk.…
Green innovation is central for the transition to a low-carbon economy, but there are concerns…