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FINANCIAL NEWS
Assets of Qatar’s banking sector grow to USD209.64b
09 Oct 2012
(MENAFN) Qatar’s Central Bank Governor, H E Sheikh Abdullah bin Saud Al Thani, stated that at the end of September, total assets of the country’s banking sector grew to around USD209.64 billion, reported The Peninsula.
The governor said that the private sector loans and credit facilities have surged 56 percent to USD67.88 billion, when compared to 2008’s USD43.44 billion.
On the other hand, in the January-June period of 2012, Qatar’s inflation rate stabilized at 2.2 percent.
It is worth noting that in the first 6 months of the year, Qatar’s gross domestic product (GDP) expanded at a rate of 9.11 percent.
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