The Peninsula Qatar - Qatari banks record strongest growth in loan book, NII in Q1:
"Qatar-based banks witnessed the highest increase in their loan book growth in the GCC during the first quarter of 2014. The banks’ loan book grew by 23 percent year-on-year, the highest among GCC nations, a new report noted yesterday.
“Qatar-based banks maintained their loan growth momentum due to increase in public sector spending. Acquisition made by Qatar National Bank (QNB) and Commercial Bank of Qatar during the year also propelled loans growth considerably. Among Qatar-based banks, Commercial Bank of Qatar, Qatar Islamic Bank and Doha Bank registered higher growth in loan book of 33.6 percent, 30.1 percent and 26.1 percent YoY respectively,” Global Investment House’s (GIH) GCC Banking Quarterly report said.
Qatar also ranked top in the GCC in terms of the growth in the net interest income (NII) of GCC banks. The NII of banks grew the most (25.6 percent YoY), followed by UAE (12.9 percent), Saudi Arabia (7.8 percent) and Kuwait (5.2 percent)."
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