Mubasher: Assets owned by banks operating in Qatar increased by 5.03% year-on-year in September, according to data released by the Qatar Central Bank (QCB) on Monday.
Total assets amounted to QAR 1.404 trillion ($389.6 billion) in September up from QAR 1.336 trillion ($370.9 billion) in the same month a year earlier.
On a monthly basis, assets rose 1.5% from QAR 1.382 trillion in September, the QCB's data showed.
Qatari banks’ loans went up 2.4% to QAR 948.2 billion in September, versus QAR 925.8 billion in the prior month, while cash and precious metals dropped 5.6% month-on-month to QAR 10.55 billion in September from QAR 11.17 billion.
Similarly, banks’ reserves fell 0.6% month-on-month to QAR 36.64 billion in September.
