Qatar's $382.5 Billion Banking Sector Stable Despite Siege
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Secretary-General of the Union of Arab Banks (UAB) Wissam Fattouh said the banking sector in Qatar was 'solid and strong', saying that it enjoys high flexibility as a result of the prudent monetary policy, which made it on the top of the Arab banking systems.

The Secretary-General of UAB said in a statement to Qatar News Agency (QNA) that the blockade imposed on Qatar did not affect the banking system, pointing out in this context that Qatar National Bank ranks on the top ranking of the largest Arab banks.

Qatari banking sector ranks third among Arab banking sectors in terms of asset size, accounting for about 11 percent of the total assets of the Arab banking sector, and 10 percent of its deposits. (Shutterstock)
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