Middle East Economic Survey
Qatar Banks Continue To Register Strong Growth Rate, Says QNB
Qatars banking sector continues to grow strongly, according to a Qatar National Bank (QNB) capital review published on 7 May. Total assets witnessed a compound annual growth rate (CAGR) of 30% between March 2007 and March 2011 to reach QR577.2bn ($158.6bn see chart). Total assets of the Qatari banking sector increased by 18.4% year-on-year as of March 2011, compared to...