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!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Q&A with Noor Bank

Q&A with Noor Bank

Kazim Ali, head of corporate banking at Noor Bank, discusses...

Saudi bank's $6bn IPO ignites religious controversy

Saudi bank's $6bn IPO ignites religious controversy

Plans by National Commercial Bank have prompted some clerics...

Dubai flexes legal muscles as financial court system grows

Dubai flexes legal muscles as financial court system grows

Landmark ruling by the court system in Dubai's financial free...

Most Popular
Most Discussed