Doha – Mubasher: Qatar’s banking sector recorded a healthy rise in 2015, backed by the strong growth in non-oil sector, Qatar Central Banks (QCB) governor, Sheikh Abdullah Bin Saud Al Thani, said.
Al Thani expected the rise in the banking sector to be continued in 2016, according to Qatar News Agency (QNA).
The governor asserted that the QCB’s portfolios has a great capacity to bear any additional pressures given the higher capital adequacy and lower bad loans.
The assets of banks operating in Qatar rose in 2015 by to QAR 1.11 trillion ($304.849 billion), versus QAR 1.004 trillion ($275.737 billion) in 2014 and QAR 748 billion ($205.429 billion) in 2013, he added.
Credit facilities and investment in government securities rose 14.1% to QAR 748.7 million ($95.66 million).
Al Thani ruled out concerns about the fall in dollar prices against peers, describing the U.S. economy as the strongest in the world.
Translated by: Elwy el-Manzalawy
