Qatar banks to remain highly profitable in 2014 | GulfNews.com

Qatar banks to remain highly profitable in 2014 | GulfNews.com:



"The profitability of Qatari banks will likely remain strong over the next 12 months, largely driven by the favourable operating environment and given the solid economic growth forecast for the country over the next few years, according to rating agency Standard & Poor’s.



“High interest margins, although contracting; briskly increasing business volumes mainly on the back of the government’s investments and banks’ generally low-cost bases are the main factors fuelling this performance,” said S&P credit analyst Mohammad Damak.



Leading Qatari banks rated by S&P financially outperformed their rated GCC peers last year. Qatar’s extremely supportive operating environment is the main factor behind the firm results of these banks, which represent two-thirds of the banking system’s total assets."



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