Qatar National Bank's loan growth seen slipping to 7-9% in 2018- analysts | ZAWYA MENA Edition

Qatar National Bank's loan growth seen slipping to 7-9% in 2018- analysts | ZAWYA MENA Edition:

"Qatar National Bank's (QNB) loan growth is expected to fall back to between 7 and 9 percent in 2018, analysts said after an investor relations conference call with executives of the Middle East's largest lender.

The analysts speculated that the drop in lending growth, from around 12 percent in 2017, would likely be because of a fall in state spending on new projects in the Gulf state.

QNB is the top lender to the public sector and has for years benefitted from government spending on infrastructure, including preparations for the soccer World Cup in 2022. QNB estimates around $177.4 billion of projects will be delivered across oil and gas, transport and construction between 2018 and 2028. "



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