Tue, Sep 23, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Performance more

Banks in Qatar may post 33pct profit rise

Posted on 13 January 2010

From Gulf-times.com: Qatar’s banking industry may see a 12% year-on-year (y-o-y) rise in provisions to $382mn this year; nevertheless the sector is expected to post a 33% growth in net profits to about $3.9bn, according to Kuwait Financial Centre (Markaz).

The jump in GCC banks’ provisions against impairment of assets and credit loss comes against an expected 7% y-o-y dip in provisions of the regional lenders to $8.76bn, said Markaz, which highlighted that Gulf banks are estimated to have made provisions to the tune of $9.4bn for 2009, a massive 40% jump from the previous year………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed
 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930