Gulf Times – Qatar banks see flat profit growth amid QCB lending curbs

Qatar’s banking sector saw flat net profit growth during the first nine months of this year. The credit portfolio was about 58% of the total assets, while impairment losses/provisions presented a mixed picture.

Cumulative net profits of the eight listed banks registered a 22% growth during the January-September period this year against a 21% jump in the corresponding period of the previous year, according to the data collected from the Qatar Exchange.

The banks’ cumulative net profits stood at QR11.27bn and total assets were valued at QR563.65bn during the third quarter ended September this year.

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