Qatari banking sector becoming more and more competitive
The Qatari banking sector is becoming more and more competitive and challenging, as some of the foreign banks have started to increase their presence in the market, a report by Kuwait-based Global Investment House (GIH) has indicated.
During the period 2000-2004, total credit facilities grew 14.2pc to reach QR49.5bn, while total domestic credit grew by 14.7pc to QR48.3bn. During the first nine months of 2005, total credit facilities of the banking sector grew by 27.1 pc to QR62.9bn from QR49.5bn at the year end 2004.
- Qatari banking sector is in the midst of change and becoming more challenging
- Consolidated assets of the banks in Egypt grew at a CAGR of 11.3% in the four year period from 2001/02 to 2005/06.
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