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FINANCIAL NEWS
Qatar’s private sector jumps to 19.7pct
05 Dec 2016
(MENAFN) Qatar’s banking sector viewed a 19.7 percent increase in private sector credit in 2015, while banks showed higher increase in credit than deposit amid the same year.
Furthermore, the surge in the sector credit reflected robust non-hydrocarbon sector growth and government”s push for greater involvement of the private sector.
In addition, credit growth in the real estate and industry was higher than the last year, whereas growth in credit to trade, contractors and services sectors decelerated.
Meanwhile, growth in regional currency credit also decelerated, while growth in foreign currency credit accelerated.
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