QCB finds consumer, commercial delinquency on the decline in 2020

The consumer and commercial delinquency had declined year-on-year in 2020 despite Covid-19 induced lockdown in place for most part of the year, according to Qatar Central Bank (QCB).

In its 2020 annual report, the QCB said the Qatar Credit Bureau reported that the consumer delinquency (more than 90 days overdue) has decreased to 5.97% at the end of December 2020 compared to 6.14% the previous year.

The consumer credit stood at QR253.33bn at the end of 2020 compared to QR253.53bn the previous year.

In the case of commercial delinquency (more than 90 days overdue), the credit bureau reported that it had fallen to 4.75% at the end of December 2020 against 4.95% a year ago.