Banks in Qatar are enjoying a period of sustained growth, thanks to a buoyant domestic economy. Profitability across the sector has soared over the past 18 months, as the country’s lenders have tapped into a range of business opportunities linked to Doha’s hosting of the 2022 Fifa World Cup.
A rising interest rate environment has also helped to nudge bank profits higher, just as elevated hydrocarbon prices of the recent past have improved domestic liquidity conditions and cut most lenders’ reliance on external funding.
