Qatar banks’ short-to-medium outlook positive, interest margins in comfort zone: PwC ...Qatar

Gulf Times - News
Qatar banks’ short-to-medium outlook positive, interest margins in comfort zone: PwC
source : Gulf Times ( Qatar ) () 36
Qatar banking sector is demonstrating resilience post-pandemic and its short to mid-term outlook looks "positive" with interest margins remaining in the comfort zone and being highly capitalised, far exceeding both local statutory and Basel requirements on capital adequacy, according to PricewaterhouseCoopers (PwC) Middle East. “Despite the effects of the pandemic, the banking sector in Qatar has shown strong performance in 2021. To promote this long-term stability, we expect the sector to embrace new technology, ESG (environment, social and governance) and ethical banking. The Covid-19 pandemic played an important role in challenging banks to accelerate their digital transformation and

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