Google+ Followers

Sunday, 2 July 2017

Kuwait banks don't plan to withdraw Qatar deposits: official source | Reuters

Kuwait banks don't plan to withdraw Qatar deposits: official source | Reuters:

"Kuwaiti banks have no intention of withdrawing their deposits and investments from Qatar, a Kuwaiti official source told Reuters on Sunday.

The source, speaking on condition of unanimity because of political sensitivities, noted that Kuwaiti banks had not announced plans to withdraw deposits or take other exceptional measures when detailing their exposure to Qatar in bourse statements over the last few days.

"This reflects the confidence of Kuwaiti banks and Kuwaiti companies in the financial solvency of the state of Qatar, the Qatari banks and financial institutions and their ability to meet their obligations," the source said."



'via Blog this'