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Sunday, 24 July 2016

Qatar banks to remain stable on strong government spending | GulfNews.com

Qatar banks to remain stable on strong government spending | GulfNews.com:

"Qatar’s banking system is expected to remain stable despite the economic slowdown driven by low oil prices and the overall resilience is underpinned by the government’s continued deployment of its ample resources to maintain capital expenditure according to rating agency Moody’s.

“Banks’ creditworthiness will remain broadly resilient. This resilience will help maintain solid economic growth and create a supportive environment for the country’s banks. We expect bank earnings to decline slightly but to remain strong overall,” said Nitish Bhojnagarwala, as Assistant Vice President at Moody’s.

Although problem loans are expected to rise modestly, capital buffers will remain sound and Qatari banks will continue to display one of the best loan performances among GCC countries."



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