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FINANCIAL NEWS
Fitch expects Qatar’s 2013 GDP to reach 7%
25 May 2013
(MENAFN) Fitch Ratings stated that in 2013, Qatar’s gross domestic product (GDP) is projected to stand at 7 percent, reported Arabian Business.
The agency said that during the period, Qatari banks are expected to stay well capitalized, with most of them taking advantage of high Tier 1 ratios.
Furthermore, the year is projected to witness healthy profitability and margins, nevertheless, low interest rate environment and competition will continue to pressure margins.
According to the rating agency, asset-quality ratios in the Gulf country are among the best in the region and are expected to stay healthy in the year, even though some higher impairments have been offset by credit growth.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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