Qatar Holding, which invests on behalf of the Arab Gulf state's sovereign wealth fund, warned Thursday that the fallout from the euro-zone debt crisis may be potentially "severe" for European banks, but said it remained committed to its investments in the sector and would continue to look for more deals.
"The banking sector has far from recovered from the 2008 meltdown," a spokesman for Qatar Holding said in an emailed response to questions from Zawya Dow Jones.
But despite a challenging environment for the industry, the wealth fund remains committed to its investments and eyes further opportunities in the sector, the spokesman said.
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