Thursday 21 December 2017

Foreign deposit outflow from Qatari banks slows further in November | ZAWYA MENA Edition

Foreign deposit outflow from Qatari banks slows further in November | ZAWYA MENA Edition:

"An outflow of foreign deposits from Qatari banks slowed further in November as the impact of an economic boycott imposed by other Arab states continued to diminish, data from Qatar's central bank showed on Thursday.

Banks and investors from Saudi Arabia, the United Arab Emirates, Bahrain and Egypt began pulling deposits and other funds out of Qatar in June, when those four countries cut diplomatic and trade ties with Doha.

But in November, foreign customers' deposits at banks in Qatar fell by just 2.8 billion riyals ($763 million) from the previous month to 134.9 billion riyals, the data showed. "



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