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 Abdul Hakeem Mostafawi, CEO, HSBC
OBG talks to Abdul Hakeem Mostafawi, CEO, HSBC

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