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Qatar banks can survive Gulf withdrawals, says rating firm

BUSINESS
By Bloomberg | June 12th 2017
By Bloomberg | June 12th 2017
BUSINESS
Money exchange office in Doha, Qatar, June 11, 2017. REUTERS/Tom Finn

Qatar banks are strong enough to survive the pullout of all Gulf money, according to S&P Global Ratings.

SPGR ran two hypothetical scenarios of capital flight, and concluded that Qatar’s lenders could survive the withdrawal of all Gulf deposits plus a quarter of the remaining foreign funds the banks

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