FINANCIAL NEWS

Qatari bank provisions rise 1.36% in May

19 Jun 2010

(MENAFN) A report issued by the Central Bank of Qatar showed that provisions made by Qatari banks rose 1.36 percent month-on-month in May after falling 2 precent in the previous month, while credit growth rose 3.5 percent, QNA reported.

Total provisions in the world’s largest natural gas exporter reached $1.64 billion at the end of May, up from $1.61 billion in the previous month. Bank loans remained flat at $69.7 billion.

Major Qatari banks reported mixed results in the first quarter. Total assets in the banking sector rose 1.6 percent to $133.5 billion in May, the data showed

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