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Qatar's central bank says banks have reported record growth.

Global Banking News-March 7, 2016--Qatar's central bank says banks have reported record growth

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Global Banking News - 07 March 2016

The governor of the Qatar central bank has said that banks in the nation have reported record growth.

Governor Sheikh Abdullah bin Saud Al Thani said that banks in the nation have reported healthy growth in 2015, with their assets increasing to QAR1.11tn. He also said that banks are expected to continue this growth in 2016.

Most of Qatar's general revenues accrue from oil and gas exports, which are priced in US dollars in international markets. Therefore, the fixed exchange rate system of the Qatari Riyal linked to US dollar helps achieve stability in Qatar's public revenues, he said.

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Publication:Global Banking News (GBN)
Geographic Code:7QATA
Date:Mar 7, 2016
Words:148
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