Mashreq Qatar, the Doha-based arm of Mashreq Bank , expects 2011 revenue to rise more than 40 percent to 350 million riyals ($96.20 million) backed by its treasury operations and strong deposit growth.
Capital markets and treasury are becoming an increasing contributor to Mashreq Qatar's business, despite the slowdown in bond issuance in the region following the political turmoil, Howard Kitson, country head of Mashreq Qatar, said in an interview.
"Towards the end of the year we will see an increased appetite for corporate bond issuance as the region calms down," he said. "We're short-listed for at least three issuances (out of Qatar) in the next 12 months."
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