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S&P calls for more bonds from Qatar banks

Standard & Poor's has said Qatari banks need to depend less on deposits and issue more debt and Islamic bonds to raise capital, if they are to continue fuelling the country's breakneck expansion without encountering future problems, Reuters has reported. "This is going to become an issue as the market grows because lending growth is very fast and deposit growth is coming below the lending growth," said Timucin Engin, associate director, financial institutions, at S&P. Loan growth in the Gulf country stood at 28% in 2011, according to the ratings agency.