Provisions by Qatari banks rise 2.2%

19 August 2010

According to data by Qatar's central bank, provisions made by local lenders rose 2.2% month-on-month in July, while loans grew by 1.6%, Reuters has reported. Total provisions increased to QR6.38bn ($1.75bn) at the end of July, after rising 4.6% in the previous month. Bank loans rose to QR262.6bn after increasing by 1.7% month-on-month at the end of June, and were 30% higher than a year ago, the data showed.

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