Qatar real estate loan book reaches QR80bn:
"The real estate sector loan book in Qatar has touched a whopping QR80bn at the end of the first half of 2013. The country’s contract financing sector loan book has reached QR19bn during the period, said a lead banker.
“The Qatari contract financing sector has been growing steadily at the compound annual growth rate (CAGR) of 27 percent in 2005-2012 and is set to benefit hugely from the World Cup-related infrastructure spending”, the latest issue of the “Banker” magazine quoted Doha Bank Group CEO DR R Seetharaman as saying.
The magazine that features Dr Seetharaman on the cover noted that Doha Bank had a market share of 8.9 percent of the total real estate sector loan book in Qatar. The loans portfolio is approximately 90 percent completed real estate projects vs. 10 percent Greenfield or underconstruction. The bank has a 29.8 percent market share in the contract financing."
'via Blog this'
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