Qatar banks over exposed to real estate - report

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Banks in Qatar are over exposed to the Gulf state's real estate sector, according to investment bank SICO’s GCC Banking Sector Outlook for 2013.

Forty percent of private sector lending by banks goes to real estate developers and contractors, while most listed Qatari real estate companies reported disappointing results in 3Q2012.

Asset quality deterioration might be a serious risk for Qatari banks. According to Bahrain-based SICO’s research, Qatari banks have aggressively increased lending to the real estate sector. Real estate related asset quality deterioration is expected now as heavy development in the sector outstrips demand.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
MidEast boutiques seek to become fashionable M&A choice

MidEast boutiques seek to become fashionable M&A choice

Number of such firms in the Middle East is growing, centred on...

Saudi money market turmoil shows bank jitters over bond issues

Saudi money market turmoil shows bank jitters over bond issues

Money market moves show concern about Saudi banks' ability to...

Shuttered banks, ATM queues and $77 daily limits: Greece plunges into crisis

Shuttered banks, ATM queues and $77 daily limits: Greece plunges into crisis

Breakdown in talks between Athens and its creditors plunged the...

Most Popular
Most Discussed