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Sunday, 11 June 2017

Qatar Banks Can Survive Gulf, Foreign Funds Withdrawal, S&P Says - Bloomberg

Qatar Banks Can Survive Gulf, Foreign Funds Withdrawal, S&P Says - Bloomberg:

"Qatari banks are strong enough to survive the pullout of all Gulf money and then some, according to S&P Global Ratings. SPGR ran two hypothetical scenarios of capital flight, and concluded that Qatar’s lenders could survive the withdrawal of all Gulf deposits plus a quarter of the remaining foreign funds the banks keep. Deposits and other funding sources from GCC countries represent about 8 percent of total liabilities of Qatari lenders or $20 billion, S&P said after examining the 2016 positions of the four biggest banks in Qatar. In the worst case, only two unidentified lenders would have to dip into their investment securities portfolio, it concluded."



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