Monday 7 February 2011

UPDATE 1-Doha Bank does not see big hit from c.bank move | Reuters

Qatar's Doha Bank DOBK.QA does not expect a major financial impact from the central bank's decision to separate the Islamic operations of conventional lenders in the Gulf Arab state, its chief executive said on Monday.

"It's not much of a surprise, as we had signals earlier from the central bank," Raghavan Seetharaman said in an interview.

"About 89 percent of our books are conventional, so we don't see it taking a big hit."

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