Preliminary Banking Data in Palestine 2018 — Part Two, Section B

·       Banking credit facilities ... Part Two --- Section (B)

-        The sectoral distribution of credit facilities in the third quarter of 2018 appears in Table No. 23. The value of facilities granted to the public and private sectors in the third quarter of 2018 amounted to 8,293 million dollars, an increase over the amount of facilities in the third quarter of 2017 by 532 million dollars. The details of these facilities in the third quarter of 2018 are as follows: the amount of facilities granted to the (public sector) in the third quarter of 2018 was 1,159 million US dollars, a decrease from the third quarter of 2017 by 305 million dollars; of these (third-quarter 2018 facilities), 1,151 million dollars were banking facilities to the Palestinian National Authority, while local authorities’ facilities amounted to 8 million dollars. Meanwhile, the value of banking facilities in the third quarter of 2018 for the private sector was 7,134 million dollars, an increase over the third quarter of 2017 by 837 million US dollars. Of that, 1,566 million dollars were for the (real estate and construction) sector: banking facilities for construction amounted to 433 million dollars, and 956 million dollars to the real estate sector. The value of facilities granted to real estate for trade and investment purposes was 176 million dollars. The value of facilities granted to the (land development) sector amounted to 265 million US dollars, of which 54 million dollars were for personal investment and 210 million dollars for investment. The (mining and industry) sector facilities amounted to 435 million US dollars, of which 413 million dollars were for industry.

-        As for the (domestic and foreign trade) sector, the banking facilities in the third quarter of 2018 amounted to 1,550 million US dollars, of which 1,394 million dollars were for domestic trade. The (agriculture and food processing) sector’s facilities in the third quarter of 2018 amounted to 154 million dollars, of which 89 million dollars were for agriculture and 64 million dollars for livestock and fisheries. The (tourism, hotels and restaurants) sector’s facilities amounted to 74 million dollars. The (transport and communications) sector’s facilities amounted to 33 million dollars. The (business services and consumer services) sector’s facilities amounted to 894 million dollars. The (financial services) sector’s facilities amounted to 105 million dollars. The (other public services) sector’s facilities amounted to 788 million dollars, of which telecommunications services were 318 million dollars, health care 41 million dollars, professional services 120 million dollars, and education 55 million dollars. The (investment in shares) sector’s facilities amounted to 42 million dollars, while the (auto financing) sector’s facilities amounted to 308 million dollars. The (consumer loans) sector’s facilities amounted to 1,334 million US dollars.

-        It is observed that the facilities granted to the real estate and domestic and foreign trade sectors each represented about 19% of total facilities, while the consumer loans sector accounted for 16% of total granted facilities. The auto financing sector accounted for 4%. Notably, the proportion of facilities granted to the agriculture sector is less than 2%, while facilities granted to the industry sector do not exceed 5%.

-        Table No. 24 shows the distribution of loans by sector; the value of loans granted to resident companies appeared as 3,092 million dollars. Meanwhile, the facilities of these companies in current account overdraft amounted to 522 million dollars as shown in Table No. 25...

-        As for Table No. 26, it shows the distribution of net credit facilities by type and currency in 2018. It is noted that the value of loans granted in dinar currency amounted to 1,238 million dollars, while in shekel currency the loans amounted to 2,092 million dollars, and in dollar currency the value of loans in that currency amounted to 3,363 million dollars. Regarding amounts of facilities in the form of current account overdrafts, the value of current overdrafts granted in dinar currency was 37 million dollars, while in shekel currency current overdrafts amounted to 970 million dollars, and in dollar currency 298 million dollars...

-        Date: 8-2-2019