Qatari public sector drives bank deposits up 4.2% in January
- Qatar: Sunday, February 24 - 2013 at 04:29
QNB Financial Services has said that liquidity conditions in the Qatari banking sector have "materially improved" with the current loan-to-deposit ratio at 107%, compared with a 2012 high of 124% recorded in April, although it expects the net interest margin (NIM) to remain under "some pressure" throughout 2013, Gulf Times has reported. The local banks have seen a deposit growth of 4.2% month-on-month in January 2013, driven largely by the public sector. "Whatever growth we have seen on deposits and loans have mainly come from the public sector. There was hardly any appetite for funds from the private sector," a banking source said.
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