Qatar’s sustainable growth is reflected in the performance of the country’s banking system in 2012, Qatar Central Bank Governor HE Sheikh Abdullah bin Saud al-Thani has said.
The combined assets of the commercial banks in the country totalled QR817bn last year, up 18% on 2011, Sheikh Abdullah said in his address at the Meed Qatar Projects Conference at the Grand Hyatt yesterday.
Deposits with the local banks in 2012 totalled QR458bn, up 26% on 2011. Credit facilities extended by local banks surged by 27% last year to QR477bn.
“Even as the country’s banking sector grew, it was able to contain the non-performing loans,” Sheikh Abdullah said.
The ratio of non-performing loans to total loans remained low at 1.7% last year, which reflects on the quality of assets with the commercial banks in the country.
Read more: http://www.gulf-times.com/business/191/details/342733/sustainable-qatar-growth-lifts-banking-system%3a-qcb-governor
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