Gulf Times - Credit
QIA to partner with Credit Suisse on multi-billion dollar direct private credit platform

QIA to partner with Credit Suisse on multi-billion dollar direct private credit platform

The Qatar Investment Authority (QIA) will partner with Credit Suisse Asset Management to form a multi-billion dollar direct private credit platform that will provide financing primarily in the form of secured ...

Credit stress tests indicate Qatar’s banking sector at 'comfortable' position: QCB

Credit stress tests indicate Qatar’s banking sector at 'comfortable' position: QCB

Credit stress tests have indicated that Qatar’s banking sector is at a “comfortable” position owing to the availability of “sufficient” capital, although “traces of risk” have been identified at the individual bank level ...

Credit to trading and services sectors rise double-digit in July

Credit to trading and services sectors rise double-digit in July

Trading and services sectors saw strong backing from Qatar’s commercial banks, with them reporting a double-digit growth in credit received in July, as the country mitigates the risks to the private sector ...

Investments, credit facilities' growth boost QDB assets to nearly QR12bn in 2019: QCB

Investments, credit facilities' growth boost QDB assets to nearly QR12bn in 2019: QCB

Spurt in investments and continued growth in credit facilities have scaled up Qatar Development Bank's (QDB) total assets to nearly QR12bn in 2019, QCB has said in a report.

Lower-for-longer oil price will intensify credit pressures for oil-exporting sovereigns: Moody’s

Lower-for-longer oil price will intensify credit pressures for oil-exporting sovereigns: Moody’s

Lower-for-longer oil prices will weaken the fiscal and external positions of all rated oil exporters, “exacerbating” sovereign credit pressures as lower oil demand persists for several years ...

Qatar Islamic banks post double-digit credit extension growth in July

Qatar Islamic banks post double-digit credit extension growth in July

Islamic banks in Qatar registered a strong double-digit year-on-year growth in credit extension in July, substantially outpacing the loan growth within the conventional domestic banks ...

Robust private sector credit offtake boosts Qatar bank assets

Robust private sector credit offtake boosts Qatar bank assets

A robust double-digit growth in credit to the private sector has outpaced total loan expansion within Qatar’s commercial banks at the end of June 2019 ...

EU fines Mastercard 570 mn euros in anti-trust action

EU fines Mastercard 570 mn euros in anti-trust action

The European Union has fined global credit card giant Mastercard 570 million euros ($647 million) for limiting competition between banks offering cheaper payment fees.

Qatar banks stay healthy, 80% of NPLs provisioned

Qatar banks stay healthy, 80% of NPLs provisioned

Qatar’s banks “remain healthy” overall as more than 80% of their non-performing loans are provisioned, the Qatar Central Bank has said in a recent report.

The provision of credit and economic diversification

The provision of credit and economic diversification

Continuing my series of articles on the development of Qatar’s financial sector and its contribution to economic diversification...

Credit Suisse faces penalty in Japan

Credit Suisse faces penalty in Japan

Credit Suisse Group faces punishment in Japan after the nation’s securities watchdog found that it leaked private information about a company.