Banking

Qatar Banking 2012
Banking in Qatar has long been a robust business. The sector weathered the international credit crunch well and has since achieved double-digit asset growth, and leading players are establishing strong overseas positions as they grow out of a highly competitive local market. According to the Qatar Central Bank (QCB), in April 2012 the sector’s total assets stood at QR727.2bn ($199.7bn), up from QR587.6bn ($161.4bn) a year earlier, equivalent to 23.8% growth. Moreover, strong government backing means secure capital adequacy ratios are sometimes triple the Basel II requirements. The sector’s huge potential and focus on development projects provide the promise of continued business; indeed, most banks are bullish that assets, profits, loans and deposits will keep growing in 2013. The chapter includes interviews with Sheikh Abdullah Saud Al Thani, Governor of QC); Sheikh Bandar bin Mohamed bin Saud Al Thani, CEO of Qatar Credit Bureau (Qatar CB); Abdul Hakeem Mostafawi, CEO of HSBC; and Sheikh Faisal bin Abdulaziz bin Jassem Al Thani, Chairman of Ahli Bank.
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Cover of The Report: Qatar 2012

The Report

This chapter is from the Qatar 2012 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Sheikh Bandar bin Mohamed bin Saud Al Thani, CEO, Qatar Credit Bureau (Qatar CB)
OBG talks to Sheikh Bandar bin Mohamed bin Saud Al Thani, CEO, Qatar Credit Bureau (Qatar CB)

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