04.09.2012 - Qatar banks lead GCC in asset growth rate
Eight Qatari banks that figure among the GCC’s top 50 have grown by 20.1% in terms of assets, which is the region’s “strongest” in the first half of this year, a QNB study has shown. The eight Qatari banks led by QNB, which is GCC’s largest in terms of assets, account for 13.5% of total assets of the Gulf lenders. QNB achieved a 25.5% growth in the year up to June 30. The other seven banks averaged a strong growth rate of 14.7%, led by Qatar Islamic Bank and Masraf Al Rayan................................................Full Article: Source
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