HE Sheikh Abdullah Bin Saoud Al Thani, Governor of Qatar Central Bank, stated that, pursuant to the instructions of HH the Emir Sheikh Hamad Bin Khalifa Al-Thani and the Resolution issued by the Government of the State of Qatar to buy the Real estate’s loans and Investments from local banks wishing to sell, the program was implemented, the amounts were allocated to the beneficiary banks and the payments were completed in accordance with the prescribed terms and conditions.

The Governor added that the precautionary measures adopted by the Government towards the banking sector would enhance the ability of banks to cope with any possible repercussions of the global financial crisis, in spite of the robustness and stability of the banking system in the State and its strong growth rates.

This clearly reflects the support provided to the Qatari banking sector by HH the Emir Sheikh Hamad Bin Khalifa Al-Thani, HH the Heir Apparent Sheikh Tamim Bin Hamad Al Thani and HE The Prime Minister and Minister of Foreign Affairs Sheikh Hamad Bin Jassim Bin Jabor Al-Thani as the Government pays great attention to the banking sector in order to continue its leading role in the development process and to promote sustainable economic growth.