We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Mon 27 Jul 2009 10:16 AM

Font Size

- Aa +

Qatar's largest lender carries out financial stress tests

QNB stress tests assets every two months in bid to protect portfolio.

Qatar's largest lender carries out financial stress tests
QATAR RIYAL: QNB is carrying out financial stress tests every two month. (Getty Images)

QNB, Qatar’s largest lender by market value, is carrying out financial stress tests every two months in a bid to ensure its portfolios are in good shape, the bank’s chief operating officer has said.

Ali Al Kuwari told the Gulf Times that its voluntary stress tests covered its assets, collateral coverage, particularly in real estate and share investments.

“The stress test is purely voluntary and not required under Qatar Central Bank guidelines. It is very important for financial institutions to see the quality of their assets and how much these can be stressed,” he said.

He added that the bank has increased the regularity of the stress tests. “Now we do it quite often-at least once every two months. This is to ensure that our investments and credit quality are good.”

On Sunday QNB posted a half-year net profit of QR2.1bn, up 11.3 percent on the same period last year.

Arabian Business: why we're going behind a paywall

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.