Tuesday 21, February 2017 by William Mullally

Moody's: Qatar's mega-merger would be good for Qatari banking environment

"The merged entity between Masraf Al Rayan, Barwa Bank and International Bank of Qatar would help to rebalance the Qatari banking sector," says Nitish Bhojnagarwala, Assistant Vice President at Moody's. "Currently in Qatar, 18 banks serve a population of only 2.6 million, and Qatar National Bank--the largest bank in the Gulf Cooperation Council--dominates with a market share of more than 40 per cent of domestic assets."

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