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Qatari developers top borrowers last year
- Qatar: Monday, December 10 - 2012 at 04:38
Qatar's central bank has said the real estate has emerged as a key borrower, pushing the banking industry's all-time favourite personal loans segment to the number two spot, the Peninsula has reported. Credit to the real estate sector grew over the past few years from QR6.2bn ($1.69bn) in 2005 to QR76.2bn by the end of last year, the banking regulator said in its annual report for 2011. Factors related to urbanisation, development of existing projects, besides Qatar's successful bid for the 2022 FIFA World Cup, the central bank said.
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