Gulf Times - Qatar-Central-Bank
QCB launches mobile payment system for 'cashless' transactions

QCB launches mobile payment system for 'cashless' transactions

HE the Governor of Qatar Central Bank (QCB) Sheikh Abdullah bin Saoud al -Thani has launched the 'Qatar Mobile Payment System' (QMP), which provides a new and safe method for immediate electronic payment.

Personal loans not covered by QCB circular

Personal loans not covered by QCB circular

Personal loans are not covered by a circular issued by Qatar Central Bank (QCB) to banks and money exchanges operating in the country regarding the postponement of outstanding loan

Non-resident deposits in commercial banks post faster expansion: QCB

Non-resident deposits in commercial banks post faster expansion: QCB

Non-resident deposits, which are about 14% of Doha's commercial banks' liabilities, witnessed faster expansion than resident and total deposits in February 2020

QCB witnesses robust growth in official reserves, assets in Feb

QCB witnesses robust growth in official reserves, assets in Feb

Faster appreciation of its foreign securities portfolio helped the Qatar Central Bank (QCB) witness a robust growth in the official reserves and thus assets in February 2020, according to the central bank data.

Qatar Central Bank lowers interest rates

Qatar Central Bank lowers interest rates

The Qatar Central Bank (QCB) announced on Monday that it reduced its deposit rate (QCBDR) by 50 bps to 1.00%, lending rate (QCBLR) by 100bps to 2.50% ...

Credit to trade and services sectors outpace overall domestic loan growth in Jan

Credit to trade and services sectors outpace overall domestic loan growth in Jan

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.

Qatar Central Bank lowers interest rates

Qatar Central Bank lowers interest rates

Qatar Central Bank (QCB) on Wednesday cut the deposit rate (QCBDR), lending rate (QCBLR) and the repurchase rate (repo) by 50, 75 and 50 basis points respectively.

Robust growth in loans help Qatar commercial banks post 12.13% jump in domestic credit: QCB

Robust growth in loans help Qatar commercial banks post 12.13% jump in domestic credit: QCB

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

QCB asks banks to strengthen KYC norms to fight financial crimes

QCB asks banks to strengthen KYC norms to fight financial crimes

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 strict on fighting money laundering, terror financing

Qatar strict on fighting money laundering, terror financing

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,

Qatar Central Bank issues QR600mn treasury bills for December

Qatar Central Bank issues QR600mn treasury bills for December

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.

ICC Qatar praises QCB’s issuance of uniform Demand Guarantee Letter

ICC Qatar praises QCB’s issuance of uniform Demand Guarantee Letter

The International Chamber of Commerce (ICC Qatar) has lauded the Qatar Central Bank’s (QCB) recently-issued circular to all banks on the unified form of the Demand Guarantee