Doha, Qatar: Qatar’s commercial banks’ domestic credit witnessed a surge of 5.1 percent on yearly basis to QR1.36 trillion in October this year, according to the official data released by the Qatar Central Bank (QCB), yesterday.
The total domestic credit reflects the amount of financial resources that banks and other financial institutions provide to the rest of the domestic economy. Statistics on domestic credit are crucial for policymakers for monetary policy, and investors to gauge financial stability.
According to the data, the assets, domestic deposit, domestic credit of commercial banks in Qatar witnessed an upward growth trajectory. The country’s banking sector is seeing a robust performance evident by the developments in the key indicators of the sector.
The total assets of commercial banks operating in Qatar increased by 6 percent to QR2.13 trillion in October 2025. The rise in assets underscores the sector’s resilience and its critical role in supporting Qatar’s broader economic diversification goals under National Vision 2030.
On the other hand, the total domestic deposits rose by 0.9 percent on yearly basis to reach QR850.2bn in the review period. The total broad money supply (M2) increased by 0.9 percent to reach QR740.3bn in October 2025 on year-on-year basis.
Meanwhile, in September this year the total assets of commercial banks increased by 6.2 percent to QR2.15 trillion. The total domestic deposits surged by 1.6 percent on yearly basis to reach QR861.1bn. The domestic credit in the same period witnessed a surge of 5.5 percent year-on-year to QR1.36 trillion. The total broad money supply (M2) increased by 1.6 percent to reach QR749.2bn in September 2025 on year-on-year basis.
Qatar’s banking sector stands to benefit from the country’s strategic vision – the Third National Development Strategy (NDS-3) for 2024-30, which prioritises financial services for future development and diversification.
According to the EY GCC Banking Sector Outlook H1 2025, banks across the region maintained a strong performance in the first half of the year, with sustained profitability, asset quality, and capitalisation all improving. The sector continues to demonstrate resilience even as monetary policy easing and tighter liquidity begin to impact margins.
