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FINANCIAL NEWS
Qatari banks post 35% surge in loans: CB
10 Jun 2012
(MENAFN) The Qatari central bank stated that in the year to April, the country’s banks reported a rise of 35 percent in loans and advances, up from 13 percent in the same period a year earlier, reported Gulf News.
The bank added that in April, deposit growth slowed to 4.5 percent, compared with 22 percent in 2011’s same period.
On the other hand, Qatari banks have raised a combined USD2 billion since the start of 2012, compared with no issuances in last year’s same period.
It is worth noting that during the 2012-2013 fiscal budget, Qatar expects a budget surplus of 23 percent of expenditure, up from 16 percent in the previous year.
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