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Consolidation not seen in local banking sector

Posted on 27 January 2010

From Gulf-times.com: International Bank of Qatar (IBQ) does not expect consolidation in the local banking sector this year but said the country’s largest lender QNB may be a potential acquirer in the Gulf region.

Bullish on the growth prospects and project spend, Qatar Islamic Bank (QIB) said it sought to make further inroads in “club deals” to enhance its direct credit to sponsors of the projects……………………………….Full Article: Source

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