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Islamic Finance Briefing - Categorized | Banking, Market Moves, Performance more

Qatari bank trebles provisions

Posted on 17 July 2009

From Thenational.ae: The Commercial Bank of Qatar, the country’s largest private bank, saw provisions on bad loans and investments almost treble in the first half of the year as consumer debt defaults spread to the country with the highest GDP per capita in the Gulf.

The company reported its results as banks across the region come under increasing scrutiny because of rising loan defaults from customers unable to repay debt incurred during the boom years………Full Article: Source

 
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