By: Waleed AbdelSalam
Doha – Mubasher: Qatari bank’s loan-to-deposit ratio rose in the first half of the fiscal year 2016 by 104% compared to the same period of 2015.
Total loans given by the top five banks (Ahli Bank, Commercial Bank of Qatar, Al Khaliji Bank, Doha Bank and QNB) amounted QAR 689.84 billion ($189 billion) in H1-16, compared to QAR 533.9 billion in H1-15.
Total deposits reached QAR 644.9 billion ($182.6 billion) in H1-16, compared to QAR 544.7 billion) in H1-15.
Financial analyst at Namaa Economic Consultancy, Ahmed Maher, said that the ratio is normal in light of current projects launched by the Qatari government and the infrastructure projects for the FIFA 2022 World Cup.
Ahli Bank recorded a 120% rise in the loan-to-deposit ratio in the first six months of 2016, with total loans of QAR 25 billion against total deposits of QAR 20.8 billion.
Meanwhile, QNB made the lowest growth of 102% in H1-16 with total loans of QAR 496,600 billion, versus total deposits of QAR 488.4 billion.
Translated by: Elwy el-Manzalawy
