The strength of Qatari banks and the country’s financial system at large was proved again in 2009, a year in which many global lenders went bust and major markets saw turbulence.
Qatari banks carry very few scars from the global economic crisis. They are well-capitalised, de-risked and deleveraged and have emerged relatively unscathed from the downturn. No doubt, the sovereign efforts to ‘firefight’ risks have helped the local banks weather the storm that has hit the global financial system.
Following the global economic downturn, Qatar took measures to safeguard the country’s key financial system. In three stages, the government ensured the local banks would not face a liquidity crunch.
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