NO. 40


Financial and Banking News

Bank Results

Qatari Banks Maintain High Profitability Despite Gulf Crisis

Qatar's commercial banks, benefiting from conservatism and a little luck,have emerged largely unscathed from the effects of the Gulf crisis. All fivecommercial banks increased their customer deposits over 1990 and reported asset growth. All but Al Ahli Bank reported higher profits.

The lack of lendingopportunities in Qatar, and the reluctance of local banks to...