NO. 48


Financial and Banking News

Regional Banking

BCCI Casts Shadow over Two Qatari Banks, but Others Prosper

The performance of Qatar's commercial banks in 1991 was overshadowed by theneed for two banks to allocate enormous provisions against their exposure toBCCI. Doha Bank wiped QR107mn ($29mn) from its general reserves to make a 60%provision against its potential losses, while Qatar Islamic Bank (QIB) struck adeal with the Qatar Monetary Agency (QMA - Central Bank)...