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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
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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