Lending in Qatar grew 23% in 2013: report | Lending in Qatar grew 23% in 2013: report -

Lending in Qatar grew 23% in 2013: report

: Monday, February 24 - 2014 @ 01:49

Qatar National Bank (QNB) has said lenders in the country have reported strong results in 2013, supported by higher lending associated with large infrastructure projects, a low cost of funding and foreign acquisitions, Gulf Times has reported. Loan growth in Qatar last year was 23%, while deposit growth jumped by around 24%, with the public sector being the key driver for overall gains, reflecting the large fiscal surplus. Higher lending, a low-cost base and low provisioning requirements have all supported the banks’ overall profitability, with a return on equity of 16% in 2013, the QNB report said.

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Monday, February 24- 2014 @ 1:49 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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