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Islamic Finance Briefing - Categorized | Banking, Performance more

Qatari banks’ earnings ‘to grow by double digits’

Posted on 19 March 2012

Qatar’s banking sector is expected to witness strong profitability with average earnings slated to see double-digit growth year-on-year (Y-o-Y) in 2012 on strong domestic lending, according to Global Investment House.
“We forecast average earnings growth of 18% Y-o-Y in Qatari banks in 2012 with the sector benefiting from strong domestic lending activity. Overall, we assume 2012 net loan growth of 16.2% for the sector,” Global said, adding “Qatar’s burgeoning economy will trickle down quite favourably to its banking sector”………………………………………..Full Article: Source

 
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