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
The curious case of David Haigh

The curious case of David Haigh

The story of how David Haigh went from football fan and manager...

How Mashreq hits the sweet spot

How Mashreq hits the sweet spot

Mashreq’s retail operations in a series of Middle Eastern markets...

Q&A with Noor Bank

Q&A with Noor Bank

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

Most Discussed