Deposits also expanded by one percent MoM. Going forward, the QNB expects activity in the banking sector to pick up with public sector leading the way. In 2013, some banks issued Tier 1 bonds.
Public sector deposits receded by 2.3 percent MoM, while private sector deposits gained by 4.1 percent MoM. Delving into segment details, the government institutions' segment improved marginally by 0.3 percent against a 6.6 percent decrease in the previous month. However, the government segment declined by 7.4 percent MoM against a 6.6 percent increase in the previous month. The semi-government institutions' segment followed with a decline of 1.3 percent. On the private sector front, the companies and institutions' segment expanded by 4.2 percent and the consumer segment expanded up by four percent. The overall loan book exhibited improved performance in the first month of 2014. Total domestic public sector loans picked up by 1.7 percent after a 0.9 percent MoM growth in December. The government segment's loan book grew by 4.2 percent. Private sector loans ticked up by 2.6 percent. The Peninsula
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