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FinancialNews


  • 04-07-13

    Qatari banks earnings register unassuming growth in Q2 2013

    (MENAFN) Analysts expected that Qatari banks earnings won't witness impressive growth in the second quarter of the current year achieving unassuming 4%, the peninsula Qatar reported. An analyst with Investment Bank SICO, Chiradeep Gosh said "Qatari banks are likely to continue their strong balance sheet growth, with several government projects rolled out in first half of 2013 and more being in the pipeline. We believe QNB will benefit the most, while other banks will witness balance sheet growth from Q3, 2013 onwards." Qatari banks are expected to witness further net interest margins (NIM) pressure. Much of the lending growth in Qatar is expected to come from government-supported projects, which will earn the banks lower yields .Due to the implementation of Qatar Central Bank's regulation on investments, Qatari banks are expected to witness two quarters of lower non-interest income.

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