Credit to govt, consumption sectors drives loan growth for Qatar banks ...Qatar

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Credit to govt, consumption sectors drives loan growth for Qatar banks
source : Gulf Times ( Qatar ) () 28
The credit to the government and consumption sectors was seen outpacing the overall loan growth in Qatar's commercial banks on a yearly basis in March this year, according to the central bank data. The credit to the real estate sector, which is the second largest component in the credit portfolio of the commercial banks, saw a robust growth; hinting at the rebound of the non-hydrocarbons private sector. The Qatar Central Bank (QCB) data showed that total domestic credit grew 8.64% year-on-year to QR1.1tn at the end of March 31, 2021. The strong credit pick up is an indicator of the resilience in the private sector, whose growth has been corroborated by the purchasing managers' index of th

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