Qatar’s banks are strong, says governor
Qatar Central Bank’s governor Sheikh Abdullah bin Saoud Al Thani said Qatari local banks are capable of facing any possible ‘abnormal conditions’ resulting from the siege imposed on the country. He said the country’s banking system is strong and efficient as proved by stress tests carried out routinely by the central bank. He said the banks are highly solvent and profitable and the deposits in the bank are in excess of QR39.3 billion. The central bank is also strictly following international standards, especially in capital adequacy and liquidity. Sheikh Abdullah also noted that the international reserves of Qatar Central Bank were in line with international standards.