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00:00 The interest rates are the driving force behind the economy in Qatar.
00:05 The most prominent factor is the current quarter's interest rates.
00:11 Let's talk about the interest rates for the Qatari economy.
00:16 How did it develop and how did it support the performance of this sector?
00:20 We can see in the chart that the interest rates were stable in 2022
00:28 but behind the back of the Qatar Central Bank's revenues through the increase in interest rates
00:36 in order to stabilize the economy.
00:39 We saw the interest rates rise to record levels, especially in 2024.
00:47 But looking at the total amount of interest in the Qatar Central Bank, it has the highest level ever, at 1.9 trillion Riyals.
00:59 The interest rate was more than 5.16 points.
01:04 The local interest rates have the highest amount, at 1.627 billion Riyals.
01:12 The rest of the data shows that these numbers were supported by the increase in the local interest rates
01:18 and the increase in foreign investment in banks.
01:21 The other sector, which is the banking sector, grew by 14.3 trillion Riyals.
01:33 The general sector has a 5% interest rate.
01:37 The consumer loans have a 10% interest rate, which is a very high level.
01:43 There was a clear decline in the level of real estate loans.
01:48 But what about the total deposits in the Qatari banking sector?
01:53 The first quarter of the year, the current deposits have more than a trillion Riyals.
01:59 It is 16% higher.
02:02 The general sector has 11.16 points.
02:08 The private sector has 14.3 points.
02:12 Finally, the non-residents have 5.14 points.
02:17 But let's talk about the critical situation of the Qatari banks in general.
02:23 The local liquidity has the highest level ever, with an increase of 742 billion Riyals.
02:29 The net worth of the assets grew by 19.9 points, at 944 billion Riyals.
02:36 The net worth of foreign assets alone recorded a deficit of 400 billion Riyals.
02:42 In the rest of the data on the Qatari banks, we talk about net profits and results.
02:48 The results grew by about 8%.
02:51 Recorded 28.5 billion Riyals.
02:54 The National Bank of Qatar acquired the largest percentage, 8% of the results.
03:00 The Islamic Bank of Qatar has about 7.5 points.
03:05 And finally, the Commercial Bank has 7%.
03:08 So, the net profits have drawn the path of the banking and financial sector to the Qatari banks.