Tuesday 17 August 2010

Qatari bank provisions rise 2.2 pct m/m in July | Reuters

Provisions made by Qatari banks rose 2.2 percent month-on-month in July, slower than in the previous month, while loans grew 1.6 percent, data from the Gulf country's central bank showed on Tuesday.

Total provisions in the world's largest liquefied natural gas exporter increased to 6.38 billion riyals ($1.75 billion) at the end of July, after rising 4.6 percent in the previous month.

Monthly growth in specific loan provisions slowed to 2.0 percent, from 5.3 percent in June, the data showed."

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