Overexposure to realty sector threatens Qatari lenders: report
- Qatar: Thursday, January 17 - 2013 at 04:36
According to a report by Bahrain-based Investment Bank SICO, rising real estate exposure is raising concerns about banks operating in Qatar, the Peninsula has reported. The Gulf country's banking sector has large exposure towards real estate developers and contractors, which comprise 40% of private sector lending of banks, the report said. QNB has remained focused toward public sector lending and is unlikely to see any significant asset quality deterioration, the report said, noting that other Qatari banks with their increased exposure to the real estate sector in 2011 and 2012, may face asset quality deterioration going forward. Most listed Qatari real estate companies reported disappointing results in the third quarter of 2012.
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