Qatar's bank holdings hit record levels in June



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The volume of badets of Qatar's commercial banks rose 2% on a monthly basis to reach its highest level in June, according to official data released on Monday.

Bank badets reached 1.455 billion rials (400 billion dollars) last month, against 1426 billion riyals (396.7 billion dollars) in May.

On a year-on-year basis, Qatari banks' badets increased by 4.5 percent in June, compared with RMB 1,392 billion (US $ 382.5 billion) in the same month in 2018.

The credit facilities granted by Qatari banks increased by 4.5 percent to 971.7 billion ryals (267 billion dollars) by the end of last month, against 929.7 billion ryals (255.5 billion dollars). ) the same month of last year.

There are 19 banks operating in the Qatari market, including 7 local commercial banks, five Islamic branches and seven foreign branches.

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