Threat to Qatari banks' liquidity appears to be fading: Fitch

Credit rating agency, Fitch Rating stated that the threat to Qatari banks’ funding and liquidity, triggered by withdrawals of foreign deposits amid a Saudi-led blockade of Doha, appears to be fading.

Releasing a report, Fitch pointed out that Qatari banks’ overall funding increased slightly in August.

 

the first upward movement since the boycott began in June, sparked by accusations of Doha’s ties to radical groups, as reported by Gulf Times.

Moreover, funding by the Qatar Central Bank, which rose sharply in June, slowed in August, suggesting that banks no longer needed the support.

Source: qatarday

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