Liquidity in Qatar up 0.6 percent
The liquidity volume in the Qatari market grew to QR 25,857.9 million in the second quarter of 2000, reported Al-Raya newspaper. This figure reflects a 0.6 percent rise, which is especially positive in light of the 1.1 percent fall experienced in the first quarter of this year.
Additional information reported in the article showed that the value of the total customer deposits in the commercial banks operating in Qatar grew as well, reaching QR 32,234.9 million by the end of the second quarter of the current year. Compared to the first quarter of 2000, this is an impressive 10.5 percent rise. The major reason attributed to this increase is the 32 percent rise in the public sector’s banking deposits, which hit QR 10,084.8 million.
Furthermore, the value of available credit incentives in Qatar totaled QR 28,516.5 million by the end of the second quarter--, a 0.6 percent decrease compared with the first quarter. The value of these incentives granted to the public sector dropped to QR 639 million by the end of the second quarter of 2000, a 5.4 percent decline compared with the first quarter of the year. –(Albawaba-MEBG)