Gulf Times – Qatar credit growth expands 35.3% until April this year

Qatar’s credit growth accelerated in the first months of this year, expanding by 35.3% through to April 2012, according General Secretariat for Development Planning report on Qatar’s Economic Outlook for 2012-13.
Credit to the personal sector climbed by 14.1% and that to the corporate sector jumped by 80.4%. Broad money supply increased by 12.1% year on year until end-March, the report said, according to Qatar News Agency.
Regarding banks interest rates, it said: “Qatar Central Bank (QCB) has kept interest rates at the levels it set in its last reduction of August 2011.”

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