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An Increase in the Surplus of the Balance of Payments in the 2nd quarter to QR 16.4 billion
Qatar Central Bank has released its Quarterly Bulletin “ September 2019, ” which included a wide range of Monetary and Banking statistics for the month of September, in addition to the quarterly economic data of GDP, the State Budget, Inflation and the Balance of Payments. QCB in the past few weeks issued some important statistical data contained in the bulletin sporadically, including the Bank’s International Reserves, Reserves, Liquidity, Domestic and Foreign Assets and Liabilities. Other details of Deposits, Domestic Credit and Money Supply are provided in this report, with some important economic data.
First: Bank deposits: Total bank deposits in September 2019 increased by about QR 20.6 billion from August to reach the level of QR 831.8 billion; distributed between Private Sector Deposits, Public Sector Deposits, and Non-resident Deposits.
Private Sector Deposits rose to QR 368.7 billion from QR 362.1 billion in August. Public Sector Deposits rose by QR 13.5 billion to QR 265.8 billion, while Non-resident deposits rose by half a billion to QR 197.2 billion.
Second: Total Credit Facilities: The facilities granted by banks grew steadily, and in September 2019 reached QR 995.8 billion from QR 948.2 billion a year ago.
It was noted that while credit granted to the Public Sector declined in September 2019 to the level of QR 284.5 billion from QR 339.7 billion a year ago – due to government repayment of part of its debt to banks -, credit granted to the private sector grew to QR 634.6 billion in September compared to about QR 525.8 billion before Year. Credit granted abroad fell to only QR 76.7 billion from QR 82.7 billion a year earlier.
The credit Facilities details of the Local Private sector are as follows:

• Credit granted to the Services Sector was the fastest growing, doubling in almost two years since the start of the blockade and ranked first in last September by about QR 161 billion from QR 157.5 billion in August, and QR 113.8 billion in September 2018.
• Followed in terms of growth credit trade sector, which rose by about QR 7.3 billion from last August to QR 128.1 billion, compared to about QR 71 billion a year ago.
  Credit of the Real estate sector fell to second place in terms of volume (after the services sector), amounting to QR 152.3 billion compared to about QR 154.8 billion at last August.
  Retail sector credit fell to third place, slowing growth to QR 131.4 in September 2019, compared with QR 132 billion at last August and QR 128.9 billion a year earlier.
  The credit for the Contractors sector came in fourth place, which stabilized in September at QR 35.3 billion, but down 2.5 billion from September 2018. Industrial credit came in fifth place, rising slightly to QR 17 billion.
  The bulletin also included figures of Money Supply in its various concepts, the most important of which is Narrow Money Supply (M1) and Broad Money Supply (M2).
  The Narrow Supply of Money (M1) consists of both public currency in riyals plus demand deposits in riyals for the private sector, government institutions and Semi Government.
  The Broad Money Supply (M2) consists of the Narrow Money supply (M1), in addition to Quasi Money, which in turn consists of Time Deposits in riyals, foreign currency deposits to the private sector and government and semi-government institutions.
  Money supply (M2) at the end of the third quarter of September 2019 rose 1.9% from the second quarter to the level of QR 569.9 billion.
  With regard to quarterly economic data for both the General Budget and the Balance of Payments, the following is indicated:
  1- Total Public Revenues in the second quarter increased to QR 57.2 billion from QR 55 billion in the first quarter. Total Expenses decreased to QR 50.4 billion from QR 53 billion in the first quarter. As a result, the Budget Surplus rose to QR 6.82 billion from 2 billion in the first quarter, representing a surplus of 4.2% of GDP.
  2- The Trade Balance in the second quarter recorded a surplus of QR 38.7 billion compared to QR 40.9 billion in the first quarter.
  3- The Balance of Payments achieved a surplus of QR 16.4 billion in the second quarter compared to QR 10.97 billion in the first quarter.