#Qatar banks' assets, credit grow in January: QNB

Qatar banks' assets, credit grow in January: QNB:

Qatar’s banks have seen their assets and credit growing in January, at 1.8% and 3.1% year-on-year (y-o-y) respectively, QNB said in its latest "Qatar Monthly Monitor".

However, local banks’ deposit growth was negative last month at -1.7% year-on-year. Private sector, public sector and non-resident deposits declined 0.3%, 4.3% and 4.4% month-on-month respectively in January, the report showed. Interbank rates remained stable in December.

Qatar's sovereign five-year credit default swap spread (CDS Spreads) remained stable at around 75 bps; QIBOR three-month interest rates remained stable while Libor three-month interest rates declined.