Tuesday 24, January 2012 by Robin AmlĂ´t

Banking sector credit expands in Qatar

Bank deposits grew 5.7 per cent m/m (18.5 per cent y/y) in Qatar in December 2011, up from -5.2 per cent m/m (12.3 per cent y/y) in November.  Public sector deposits were the main driver of overall deposit growth, rising 15.6 per cent m/m (74.7 per cent y/y) in December, while private sector deposit growth was much more modest at 0 per cent m/m (6.3 per cent y/y).

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