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FINANCIAL NEWS
Banking in Qatar set to meet projects industry demand
05 Sep 2013
(MENAFN) MEED, the host of the Qatar Banking Summit, said the banking sector in Gulf nation is ready to meet the surge in the country’s projects industry until 2022, Saudi Gazette reported.
Last year, the banking sector in Qatar contributed by 10 percent of the country’s gross domestic product (GDP) making it a crucial sector to the economy.
The total assets for the banking sector in Qatar rose by an annual 30 percent in the past decade to hit USD225 billion. Meanwhile, domestic customer lending reached USD130 billion.
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