Qatar’s banking sector has witnessed stupendous growth in its financial assets portfolio vis-à-vis nominal growth in total assets in 2011, while credit off-take grew faster than deposits, according to Qatar Central Bank (QCB) data.
The sector’s financial assets portfolio grew 104.6% in 2011 against 24% in the previous year. It was 64.9% in 2009; 26.1% in 2008; 23.9% in 2007; 18% in 2006 and 19.3% in 2005, the QCB said.
On the other hand, the banking industry’s total assets witnessed a 22.3% rise in total assets in 2011 compared to 21.3% in the previous year. Total assets gains were 16.4% in 2009; 36.5% in 2008; 55.3% in 2007; 45.8% in 2006 and 41.6% in 2005.
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