Moody's Outlook for Qatari Banks Is Stable



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The credit rating agency Moody's said on Monday in a report that the outlook for 10 Qatari banks is stable.

This positive outlook, in its report on the resilience of Qatari banks and the country's operating environment, "Banks have managed to maintain strong asset quality and good liquidity levels, while the ratio of nonperforming loans to banks rose to 1.8% last December. "

Banks: Qatar National Bank, Masraf Al Rayan, Doha, Commercial, Ahli, Barwa, Qatar International, Islamic Qatar, Qatar International Islamic, Commercial [59002] In a research note at the end of the year Last, Moody's said in a research note that he expected the Qatar budget to generate a surplus of 2.3 billion riyals ($ 631 million) in 2018. [19659002] "Government revenue will reach 207.3 billion riyals (56.8 billion dollars) next year, 18% more than the announced budget of 175.1 billion riyals (48.1 billion dollars), "said the agency. 19659002] Qatar's financial stability, despite the exposure since June 5, 2017, the blockade of the land, air and sea of ​​Saudi Arabia and the UAE and the sea

It is worth mentioning that Qatar's economic indicators have maintained their balance despite the blockade, according to official figures released by the Ministry of Finance, the Central Bank and the Qatar Stock Exchange.

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