Sound financials and government's willingness to support the sector and economy help the banking system in Qatar to weather the impact of the Covid-19 pandemic
The key segments in Doha's private sector, especially trading, services, industrial manufacturing and heavy industry, got strong financial backing,
The Qatar Development Bank (QDB) has launched the National Guarantee Programme that provides guarantees to local banks to grant interest-free loans to private companies affected by the Covid-19.
The year 2020 began on a sound note especially for trade and services as credit to those sectors considerably outpaced the overall domestic loan growth in Doha's commercial banks in January, according to the Qatar Central Bank data.
Robust growth in loans, especially to trading and services, helped commercial banks in Qatar to witness a 12.13% year-on-year expansion in domestic credit at the end of December 2019
The Qatar Central Bank (QCB) has asked banks and financial institutions to strengthen their KYC (know-your-customer) norms as part of due diligence to combat all kinds of financial crimes
Qatar Central Bank (QCB) has announced the adoption of the new executive regulations for Law No. (20) of 2019 issuing the Anti-Money Laundering and Combating the Financing of Terrorism Law,
The Qatar Central Bank (QCB) issued on Tuesday treasury bills for three, six and nine months, for the month of December with a value of QR600mn.