The Peninsula Qatar - Qatari banks may post poor earnings growth:
"Qatari banks are likely to witness poor earnings growth as their net interest margins (NIMs) continue to face pressure with the cost of funds, meaning interest rate paid by financial institutions for the funds that they deploy in their businesses, edging upwards in 2013 fourth quarter. Higher provisioning related to real estate exposure is also likely to continue in the quarter.
SICO Investment Bank’s quarterly result preview of GCC equities noted yesterday the bellwether Industries Qatar (IQ) is expected to deliver flat year-on-year performance mainly due to a weak fertilizer prices.
Commercial Bank of Qatar (CBQ) is expected to see higher provisioning charges due to rise in real-estate impaired loans. Doha Bank’s higher net interest income y-o-y is expected to drive earnings. Qatar Islamic Bank (QIB) is likely to see higher provisioning charges because of rise in real-estate impaired loans. QNB’s strong balance sheet growth will continue, the research note said."
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