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Qatar banking sector assets total QR1.86tn in July: QNBFS

Qatar banking sector total assets declined 2% month-on-month (MoM) and (down 1.9% in 2023) in July to QR1.86tn, QNB Financial Services (QNBFS) has said in a report.
The month also saw a decline in both loans and deposits with banks in Qatar.
Both the public and private sectors pushed the overall credit lower. As deposits fell by 2.9% in July, the Loans to deposits ratio (LDR) increased to 134.1% compared to 131.5% in June this year.
According to QNBFS, total assets drop in July was mainly due to a fall by 1.3% in domestic assets and 5.1% in foreign assets.

Link: https://www.gulf-times.com/article/667758/business/qatar-banking-sector-assets-total-qr186tn-in-july-qnbfs

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