Overexposure to realty sector threatens Qatari lenders: report
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Overexposure to realty sector threatens Qatari lenders: report

Overexposure to realty sector threatens Qatari lenders: report

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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    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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