QNB Financial Services (QNBFS) has said the overall loan book with Qatari banks remained “flat”, down 0.1% month-on-month in March, following a relatively “solid” performance in February, Gulf Times has reported. Deposits expanded by 1% last month (up 3.9% m-o-m in February 2014). Hence, the banking sector’s loans-to-deposits ratio (LDR) decreased to 103% at the end of March 2014, compared with 104% in February, said QNBFS. “Going forward, we expect the public sector, in addition to large corporate loan growth, will be the primary drivers of the overall loan book (growth) in 2014 followed by the SMEs and consumer lending. Our view is based on the expected uptick in project mobilisation in the coming months,” QNBFS said.
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