The threat to Qatari banks’ funding and liquidity, triggered by withdrawals of foreign deposits amid a Saudi-led blockade of Doha, appears to be fading, Fitch Ratings said yesterday. Qatari banks’ overall funding increased slightly in August, according to a report released by Fitch, the first upward movement since the boycott began in June, sparked by accusations of Doha’s ties to radical groups. Funding by the Qatar Central Bank, which rose sharply in June, slowed in August, suggesting that banks no longer needed the support.
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