Qatar banks’ cross-border assets in regions except GCC, Europe and N America grew 30% by end of 2017

Qatar banks’ cross-border assets in regions except GCC, Europe and N America grew 30% by end of 2017:

Qatar’s domestic banks saw declines in cross-border assets in the Gulf Co-operation Council (GCC), the European and North America; whereas they saw substantial expansion in the other countries, including Asia, during 2017, according to the central bank data. (Qatar’s) banking sector lowered their cross-border assets, in particular from the GCC region where the decline was the highest (39%), while assets with European countries and North America also shrank 19% and 22% respectively, Qatar Central Bank (QCB) said in its Financial Stability Review 2017. “As at end December 2017, however, assets with ‘other countries’ including Asian countries grew considerably by 30% thereby increasing their share to total cross-border asset to 21.1%,” it said.