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30-05-22
QCB Governor states Qatar's financial forecasts still positive
(MENAFN) In his major speech throughout the Euromoney Qatar Conference yesterday which took place under the patronage of the Premier and Minister of Interior H E Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani, the QCB Chief stated that the Qatar Central Bank (QCB) is going to start a new fintech plan throughout the October-December period (Q4) of 2022.
He underlined that ‘Qatar’s economic activity today is much stronger than it was in 2020’ as the nation conquers the place of the world’s top LNG exporter.
Financial forecasts remain optimistic, amid regaining in domestic demand, private sector credit growth, in addition to the arrangements to host the FIFA World Cup Qatar 2022, he stated.
He also repeated that regardless of the struggles seen by the worldwide economic division because of the COVID-19 epidemic, Qatari banks still appreciate a good amount of capitalization, high liquidity, as well as stable profitability.
MENAFN30052022000045014228ID1104291279
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