Qatar banks’ domestic credit offtake rises about 4% to QR861.15bn in Nov ’18:
A robust expansion in loans — especially to services, real estate and general trade — helped Doha’s commercial banks’ domestic credit offtake report about 4% year-on-year growth to QR861.15bn in November 2018, according to the Qatar Central Bank.
Of the QR861.15bn, the private sector received as much as QR531.9bn with bulk of them going towards real estate and consumption, and the remaining QR329.26bn to the public sector.
The services sector credit soared more than 46% to QR118bn, which accounted for about 14% of the total domestic credit during November previous year.
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