Qatar’s restriction on how much banks can lend is taking its toll, the chief executive of Ahli Bank said. The effect of the Qatari central bank’s regulations on retail loans is “high”, Salah Murad said yesterday, according to Bloomberg News.
Retail loans account for 20 per cent of the bank’s total portfolio, Mr Murad added. The central bank released a circular in April placing a ceiling of 400,000 Qatari rials on personal loans to expatriates, and dropping the loan limit for Qatari nationals to 2 million rials from 2.5m rials……………………………………….Full Article: Source