The Qatar Central Bank (QCB) Saturday announced that more than 25,000 local transactions, worth more than QR230mn, were executed within the first 24 hours of the start of the money transfer service outside official working hours.
The Qatar Central Bank's (QCB) international reserves constituted 624% of the currency issued in November 2021, much higher than the mandated 100%, indicating the central bank's creditworthiness
The Qatar Central Bank has initiated a major project that aims a "world class payment infrastructure with state-of-art technology" as the demand for electronic payments is steadily growing and expected to "increase substantially" during the FIFA World Cup Qatar 2022.
Qatar's macroeconomic environment is expected to further improve along with increasing rate of vaccination, Qatar Central Bank said in its latest Financial Stability Review.
Qatar's banking sector demonstrated resilience and registered an impressive growth in business during 2021, driven by the need to continue to support the country's future ambitions.
The consumer and commercial delinquency had declined year-on-year in 2020 despite Covid-19 induced lockdown in place for most part of the year, according to Qatar Central Bank (QCB).
The demand for electronic payments is expected to increase "substantially" during FIFA World Cup 2022, necessitating Doha to transform the retail payment infrastructure, according to the Qatar Central Bank (QCB).
Doha’s Islamic banks registered faster growth than the traditional lenders in extending the domestic credit to many sectors, except real estate, in July this year, according to the Qatar Central Bank (QCB).
The non-resident deposits in Qatar's commercial banks grew much faster than the resident deposits as well as the total deposits year-on-year this May, according to the central bank data.
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).