Middle East Economic Survey

VOL. LII

No 51-52

21/28-Dec-2009

QATAR

Qatari Banking System Remains Sound And Profitable, Says Samba

Qatari banks remain sound and have continued to post profits during the year, despite some pressure from rising non-performing loans and deflated asset prices, according to Sambas December 2009 report on the emirates economic outlook. Domestic credit growth was still running at around 15% year-on-year in September, one of the highest rates in the GCC, and should post a...