By: Eman Ghaly
Mubasher: Value of customers’ deposits in Qatari banking sector has increased 6.2% year-on-year in June, Qatar Central Bank’s (QCB) data revealed.
Total value of deposits amounted to QAR 818.3 billion ($224.79 billion) by the end of June, compared to QAR 770.7 billion ($211.71 billion) in the same month a year before, QCB added.
On a monthly basis, clients’ deposits in Qatari banks rose 4.2%, from QAR 785.4 billion.
The monthly growth was attributed to a 7.1% increase in non-residents deposits, reaching QAR 150.06 billion during June, compared to QAR 140.06 billion in May.
Private sector’s deposits increased 1.2%, reaching QAR 468.21 billion in the previous month, compared to QAR 462.75 billion during May.
In June, public sector deposits hit levelled up 8.9% to QAR 324.30 million, from QAR 297.62 million a month before.
