Qatar National Bank's 2017 loan growth to rise 12-14 pct -analysts

Qatar National Bank's 2017 loan growth to rise 12-14 pct -analysts:

"Qatar National Bank (QNB), the largest lender in the Middle East and Africa by assets, expects loan growth of 12-14 percent this year, propelled by government infrastructure spending, analysts said after a call with QNB’s finance chief.

The country’s banking sector has had to contend with fallout from a June decision by Saudi Arabia, the United Arab Emirates, Bahrain and Egypt to cut diplomatic and transport ties with Qatar, though the Qatari government has shown little sign of weakening its commitment to spending on infrastructure projects.

QNB expects net profit growth of 6-8 percent for 2017 and for 2018, analysts said after an investor relations conference call with QNB Chief Financial Officer Ramzi Mari."



'via Blog this'