Qatar banks set to suffer from diplomatic row but funding still possible

qatar doha px230 global capital
By Bianca Boorer
08 Aug 2017

The continued severance of diplomatic ties between Qatar and its neighbours is a growing risk to the country’s banks’ capital raising efforts, which have the heaviest reliance on overseas funding in the Gulf.

Moody’s reiterated on Tuesday its negative outlook for the Qatari banking system after it first made the assessment on July 5. 

“We expect that a prolonged period of uncertainty caused by the ongoing dispute between Qatar and some of its Gulf Co-operation Council (GCC) ...

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