Doha Bank CEO showcases Qatar’s resilience at SIBOS - The Peninsula Qatar:
Dr R Seetharaman, CEO of Doha Bank participated at the SIBOS 2018 Conference held at Sydney, Australia last week. At the Conference he gave insight on developments in global and Qatari economy.
Speaking on Qatari economy, he said the country is expected to grow by 2.7 percent in 2018 and 2.8 percent in 2019 respectively. Qatar is planning to increase its LNG production capacity from 77million tonnes per annum (mtpa) to 110 mtpa.
Citing IMF’s latest report, Dr Seetharaman said Qatar’s banking system needs no further support from the central bank and sovereign wealth fund as the decline in non-resident liabilities of lenders have subsided. A robust regulatory framework and effective supervision have helped ensure the resilience of the financial system.
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