Doha's commercial banks witnessed their foreign assets grow faster than the domestic assets year-on-year this March, according to the Qatar Central Bank (QCB).
The Qatar Central Bank (QCB) is in the process of issuing information security controls that will be applicable to all the fintech segments, following the launch of the National Information Security Standards Framework by the Ministry of Transport and Communications in 2019.
Doha's commercial banks witnessed strong double-digit year-on-year growth, especially in the current and call deposits of the domestic private and public sectors in September this year, according to the Qatar Central Bank (QCB) data.
Qatar Central Bank Governor HE Sheikh Abdulla bin Saoud al-Thani, has said the QCB is currently looking into the development of a new system for issuing electronic checks in co-ordination with the authorities in the country.
A robust double-digit growth in credit to the public sector and the rapid expansion in reserves helped Doha's commercial banks' assets rise more than 9% year-on-year in September
Higher official reserves, brought about by robust expansion in gold holdings and foreign securities, and balances with local lenders led the Qatar Central Bank (QCB) register substantial double-digit year-on-year expansion
The National FinTech Strategy, set by the Qatar Central Bank (QCB), provides a framework for initiatives that enable the local startup sector and create a favourable ecosystem for international fintechs to choose Qatar
QFCRA-authorised banks’ total exposure to the local economy amounted to QR23.2bn as of end-2019, according to Qatar Central Bank.
The Qatar Central Bank (QCB) issued treasury bills for three, six and nine months for the month of September 2020 with a value of QR600mn.