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COVID-19 impact: Qatari banks to see high provisioning costs in 2021
Coronavirus pressures will keep provisioning costs high for Qatari banks this year as loan quality worsens, despite resilient 2020 results, Moody’s Investors Service said in a report published on Monday. The combined net profit of the eight Qatari banks declined 12 percent year-over-year to 20.4 billion rials ($5.6 billion). The…
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