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Qatar decision to limit Islamic banking may cut bank profits by 22 pct

Posted on 27 May 2011

Qatar’s decision to restrict Islamic banking and introduce limits on consumer borrowing may reduce profit by as much as 22 percent for banks in the world’s fastest-growing economy.
Net income estimates for Commercial Bank of Qatar QSC, the nation’s second-largest bank, were cut 22 percent, or 478 million riyals ($131 million) on the rule changes by analysts at Credit Suisse Group AG (CSGN) last month. They also cut their estimates for Doha Bank QSC (DHBK), the fourth-biggest lender, by 10 percent, according to a report to clients……………………………………….Full Article: Source

 
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