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Tuesday, 20 June 2017

Qatar's Biggest Bank Says Crisis Has Minimal Impact on Business - Bloomberg

Qatar's Biggest Bank Says Crisis Has Minimal Impact on Business - Bloomberg:

"Qatar National Bank QPSC said it expects to meet its earnings targets as the ongoing Saudi-led campaign to isolate the gas-rich Arab state has minimal impact on its operations.

The Middle East’s largest lender by assets is confident it will reach its net profit growth target of 6 percent to 8 percent in the second quarter, the same guidance given to investors in March, according to a senior official at the bank who asked not to be identified because of company policy.

QNB has a good capital base, diversified funding sources and one of the best cost-to-income ratios so the standoff isn’t impacting the bank’s ability to get funding from the international market, the official said."



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