Moody's praises Qatari banks' resilience due to strong capital, liquidity, and diverse deposits, with expected credit growth of 3-4% driven by private sector demand.

Moody's has commended the resilience of Qatari banks, emphasizing their strong capital positions, liquidity coverage ratios, and ability to attract diverse deposits. As of June 2024, customer deposits represented 52% of total assets. The credit sector is expected to grow by 3-4% this year, driven by private sector demand. Regulations from the Qatar Central Bank have reduced reliance on foreign financing, bolstering financial stability and reducing foreign liabilities to 33% of total liabilities.