Total assets managed by Qatar commercial banks have reached to QR828bn by end of January 2013. The value of the banks assets surged by QR11bn during the month of January 2013, Qatar Central Bank (QCB) Governor H E Sheikh Abdulla bin Saoud Al Thani said here yesterday.
The total assets value of Qatari commercial banks increased by 18 percent to QR817bn in 2012 as compared to previous year. “Customer deposits increased by 26 percent to reach QR458bn in 2012, while credit line facility grew by 27 percent to QR477bn,” the QCB Governor said in his opening speech at the 7th Gulf Cooperation Council (GCC) Regulators’ Summit.
Sheikh Abdulla, who is also the Chairman of Qatar Financial Centre Regulatory Authority and the Qatar Financial Markets Authority (QFMA), said: “Cooperation amongst GCC regulators is now a crucial need especially as we move forward with addressing loopholes in the GCC financial and business regulatory frameworks.”
Read more: http://thepeninsulaqatar.com/business/226991-assets-of-commercial-banks-reach-qr828bn.html
No comments:
Post a Comment