Qatar’s banking sector remains resilient: KPMG - The Peninsula Qatar:
"The banking sector in Qatar saw positive results in 2017, with an average 5.0 percent growth in net profit, and 8.1 percent growth in total assets – the highest in the region. In 2017, profitability for listed banks increased by 5.0 percent on an average from the previous year, mainly as a result of higher net interest income, which increased by 3.8 percent, and a further reduction in costs, despite a higher impairment charge on loans, KPMG’s latest version of the ‘GCC listed banks results’ report showed. The report , titled ‘Shifting Horizons’, that analyse the published results of listed banks across the region for the year ended 31 December 2017, noted listed banks in Qatar continue to have some of the lowest CIRS in the region."
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