" /> " /> " />

Qatar's has lowest level of non-performing loans in Gulf

10 October 2010

A study by the International Monetary Fund has said that Qatar has had the lowest level of non-performing loans in the Gulf region in 2009, the Peninsula has reported. NPLs in Qatar's banks stood at 1.7% last year compared to 9.7% in Kuwait, 4.6% in the UAE, 3.9% in Bahrain, 3.3% in Saudi and 2.8% in Oman, according to the study. "The study also showed that global financial market conditions have an effect on NPLs of banks. This implies that regulators and central banks in the GCC have to be wary about increasing NPLs during periods of low growth and tight financing," the study said.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications