Qatar’s banking sector has thus far largely weathered the storm of the global coronavirus pandemic, with lenders allocating higher credit loss provisions in case non-performing loans (NPLs) rise significantly.
The government unveiled a QR75bn ($20.6bn) stimulus package in March 2020, equivalent to around 12% of nominal gross domestic product, as part of efforts to shield the economy from the global pandemic. A moratorium of loan repayments was also introduced, which was subsequently extended until September of this year.
