Mubasher: Assets of Qatari banking sector declined 1.42% month-on-month to QAR 1.318 trillion ($350.5 billion) in October 2017, compared to QAR 1.337 trillion ($355.5 billion) in September, according to Qatar Central Bank’s (QCB) data.
Overall deposits decreased 0.5% to QAR 794.27 billion in October versus QAR 797.8 billion the month before, the total consolidated budget for banks operating in Qatar showed.
The public sector’s total deposits went down QAR 4.5 billion month-on-month to QAR 305.2 billion by the end of October.
Foreign deposits in Qatari banks slid by QAR 5.1 billion to QAR 137.7 billion during the same period, as well as other liabilities worth QAR 3.9 billion.
Since 5 June 2017, Qatar has been facing outflows of foreign customers' deposits after four Arab countries led by Saudi Arabia cut their diplomatic ties with the gas-rich state, accusing Qatar of financing terrorism.
