Banking FinanCe seCtor in the eConomy seCtor review€¦ · FinanCe seCtor in the eConomy During the First Quarter of 2009, the group Finance, insurance, real estate and Business

Banking Sector review 1

Contents

Finance Sector in the economy 1

Banking Sector: overview 1

credit ratings of Qatari Banks 2

Qatari Banking Sector comparative Statistics (2004 - 2008) 3

international operations of Qatari Banks 8

Qatari Banks Dividend Distribution 9

credit Facilities - May 2009 9

credit Facilities to Public Sector- May 2009 10

Banking Sector Deposits - May 2009 10

Public Sector Deposits - May 2009 10

Private Sector Deposits - May 2009 11

average interest rates 11

Banking Sector capitalisation as at June 30, 2009 12

Market capitalisation 12

Qatar exchange index and Banking index 12

FinanCe seCtor in the eConomy

During the First Quarter of 2009, the group Finance, insurance, real estate and Business Services Sector, which includes the Banking Sector witnessed a growth of 36.0% to contribute Qr10,389 million to Qatar’s gross Domestic Product (gDP), compared to Qr7,639 million contributed during the first quarter of 2008.

the group Finance, insurance, real estate and Business Services Sector made the largest contribution to gDP among the non-oil and gas Sectors contributing 14.7% to overall gDP. this sector increased by 16.2% in 2008 and has seen an over threefold increase in its contribution to gDP over the past five years to reach Qr37,019 million in 2008, from Qr9,925 million in 2004.

Sector (QR Million) 2007 2008%

Change QI 2008 QI 2009%

Change

oil and gas Sector 146,475 222,127 51.6% 52,345 30,662 -41.4%

Finance, insurance, real estate and Business Services

31,865 37,019 16.2% 7,639 10,389 36.0%

other non-oil & gas 81,071 106,337 31.2% 25,893 29,832 15.2%

total gDP 259,411 365,483 40.9% 85,877 70,883 -17.5%

Source: Qatar Statistics Authority.

the Qatari government has initiated a number of measures in support of the Banking Sector, as highlighted below:

• in october 2008, Qatar investment authority (Qia) announced its willingness to subscribe for an increase in the capital base of Qatari banks of 10-20%. the first phase amounting to 5% has already taken place for all Qatari banks, with the exception of QnB, with a second 5% subscription to take effect by year-end 2009.

• in March 2009, the government in co-ordination with the Qatar central Bank announced an offer to buy the Doha Securities Market listed available for sale investment portfolio of Qatari banks at net book value.

• in June 2009, the government announced its willingness to purchase up to Qr15 billion ($4.1 billion) worth of exposure to the real estate sector.

Banking seCtor: overview

Qatar has a competitive and vibrant Banking Sector, in which 17 Financial institutions operate.

Commercial Banks

• Qatar national Bank• commercialbank• Doha Bank• ahlibank• international Bank of Qatar• al khaliji

Islamic Banks• Qatar islamic Bank• international islamic• Masraf al rayan

Local Branches of Foreign Banks

• HSBc• BnP Paribas• arab Bank• Mashreqbank• Standard chartered• United Bank Ltd.• Bank Saderat iran

Specialised• Qatar Development Bank (100% government-owned)

BankingseCtor reviewJULy 2009

2 Banking Sector review

Credit ratings oF Qatari Banks

Capital Intelligence Moody’s

Foreign Currency Bank Deposits

Qatari Banks Long-Term

Short-Term Outlook Long-

TermShort-Term Outlook

ahlibank a- a2 Stable

commercialbank a a2 Stable a1 P-1 Stable

Doha Bank a a2 Stable a2 P-1 Stable

international islamic BBB a2 Stable

Qatar islamic Bank a- a2 Stable

QnB aa- a1+ Stable aa3 P-1 Stable

Fitch Standard & Poor’s

Foreign Currency

Qatari Banks Long-Term

Short-Term Individual Long-

TermShort-Term Outlook

ahlibank a- F2 c

commercialbank a F1 c a- a-2 Stable

Doha Bank a F1 c a- a-2 Stable

Qatar islamic Bank a F1 c

QnB a+ F1 B/c a+ a-1 Stable

• on June 4th, 2008 capital intelligence (ci) raised QnB’s Long-term Foreign

currency ratings to aa-, from a+, the Short-term Foreign currency ratings

to a1+ from a1, and the outlook on the Fcr has been put on Positive.

• on June 23rd, 2008 capital intelligence (ci) raised Doha Bank’s Long-term

Foreign currency ratings and Financial Strength rating to a, from a-.

• on July 28th, 2008 S&P revised its outlook on commercialbank to Positive

from Stable.

• on September 2nd, 2008 Fitch upgraded ahli Bank’s Long-term rating to a-,

from BBB+, and the support rating to 1, from 2. the outlook is Stable.

• on September 9th, 2008 capital intelligence upgraded ahli Bank’s Long-term

rating to a-, from BBB+, and the support rating to 2, from 3. the outlook is

Stable.

• on February 19th, 2009 S&P revised its outlook on commercialbank to

Stable from Positive.

• on February 23rd, 2009 Moody’s placed the Qatari Banking System on

negative outlook.

QnB is the highest rated bank in Qatar and one of the highest in the mena region.


Qatari Banking seCtor Comparative statistiCs (2004 - 2008)

Total Assets• Banking Sector: increased by Qr111.5 billion (38.4%) to Qr402.2 billion.• conventional Banks: increased by Qr85.5 billion (38.3%) to Qr308.5 billion.• islamic Banks: increased by Qr21.7 billion (52.3%) to Qr63.1 billion.• Foreign Banks: increased by Qr4.4 billion (16.6%) to Qr30.5 billion.

(QR Million) 2004 2005 2006 2007 2008 %

QnB 39,548 50,060 71,663 114,361 151,974 32.9%

Doha Bank 10,993 15,230 21,696 30,058 39,003 29.8%

commercialbank 12,940 22,182 30,358 45,397 61,302 35.0%

Qatar islamic Bank 7,742 9,552 14,889 21,336 33,543 57.2%

ahlibank 4,286 6,181 9,556 15,576 17,799 14.3%

international islamic 4,998 6,336 8,398 9,951 12,842 29.1%

international Bank of Qatar 2,009 4,660 6,698 10,771 22,411 108.1%

Masraf al rayan 4,324 10,191 16,769 64.5%

al khaliji 5,151 12,501 142.7%

Qatar Development Bank 352 432 392 1,692 3,518 107.8%

HSBc 3,078 5,004 6,982 10,284 14,433 40.3%

arab Bank 2,130 2,817 3,895 4,347 4,988 14.8%

BnP Paribas 1,650 1,920 2,358 2,668 2,882 8.0%

Standard chartered 1,392 1,444 2,287 4,980 3,716 -25.4%

Mashreqbank 1,264 1,878 2,006 2,615 3,092 18.3%

United Bank Limited 311 404 621 917 996 8.6%

Bank Saderat iran 265 270 309 383 441 15.2%

Total 92,957 128,370 186,431 290,678 402,210 38.4%

conventional Banks 70,127 98,745 140,363 223,007 308,507 38.3%

islamic Banks 12,740 15,887 27,611 41,478 63,155 52.3%

Foreign Banks 10,090 13,738 18,458 26,193 30,549 16.6%

Source: Banks’ Annual Reports and published information.

54.6%

7.6%

37.8%

2008

350,000

330,000

230,000

390,000

370,000

250,000

410,000

270,000

290,000

310,000

38.4%

402,210

2007

290,678

TOTaL aSSeTS

total assets of the Qatari Banking sector reached Qr402.2 billion in 2008.

QnB has the highest market share in assets among all Qatari Banks.


Comparative statistiCs

Loans and Advances & Financing Activities• Banking Sector: increased by Qr82.0 billion (50.2%) to Qr245.4 billion.• conventional Banks: increased by Qr62.1 billion (48.6%) to Qr189.9 billion. • islamic Banks: increased by Qr17.6 billion (77.3%) to Qr40.4 billion.• Foreign Banks: increased by Qr2.2 billion (17.1%) to Qr15.0 billion.

(QR Million) 2004 2005 2006 2007 2008 %

QnB 26,591 31,478 46,227 66,064 100,053 51.4%

Doha Bank 5,437 8,295 13,630 19,140 23,966 25.2%

commercialbank 6,714 10,884 17,360 25,021 33,898 35.5%


ahlibank 1,445 3,490 6,294 10,106 11,547 14.3%



Masraf al rayan 187 6,738 13,326 97.8%

al khaliji 769 6,980 807.7%

Qatar Development Bank 64 88 99 140 276 97.1%

HSBc 1,614 2,281 3,111 5,325 7,137 34.0%

arab Bank 1,087 1,756 2,329 2,537 2,597 2.4%

BnP Paribas 672 931 774 1,103 1,067 -3.2%

Standard chartered 609 586 1,154 1,187 1,487 25.3%

Mashreqbank 695 925 984 1,843 1,832 -0.6%


Bank Saderat iran 152 164 181 241 237 -1.8%

Total 53,117 72,746 107,230 163,404 245,383 50.2%


islamic Banks 6,884 9,369 10,962 22,806 40,444 77.3%

Foreign Banks 4,973 6,896 8,904 12,842 15,042 17.1%


LOanS anD aDvanCeS & FInanCIng aCTIvITIeS

2008150,000

160,000

170,000

180,000

190,000

200,000

210,000

220,000

230,000

240,000

250,000

50.2%

245,383

2007

163,404

53.1%

6.1%

40.8%

total Loans and advances for the Qatari Banking sector reached Qr245.4 billion in 2008.

QnB has the highest market share in Loans and advances among all Qatari Banks.


CuSTOMeR DePOSITS anD unReSTRICTeD InveSTMenT aCCOunTS

2008

32.4%

245,802

2007

185,703

150,000

160,000

170,000

180,000

190,000

200,000

210,000

220,000

230,000

240,000

250,000

49.0%

8.6%

42.4%


Customer Deposits & Unrestricted Investment Accounts• Banking Sector: increased by Qr60.1 billion (32.4%) to Qr245.8 billion.• conventional Banks: increased by Qr44.3 billion (30.8%) to Qr187.9 billion. • islamic Banks: increased by Qr12.3 billion (50.4%) to Qr36.6 billion.• Foreign Banks: increased 3.5 billion (19.9%) to Qr21.2 billion.

(QR Million) 2004 2005 2006 2007 2008 %

QnB 29,614 36,706 55,767 79,364 104,253 31.4%

Doha Bank 8,068 11,049 15,190 20,043 23,277 16.1%

commercialbank 8,304 13,235 17,209 25,796 32,186 24.8%


ahlibank 2,744 4,530 6,827 11,494 12,111 5.4%



Masraf al rayan 223 4,943 10,898 120.5%

al khaliji 4,674

HSBc 2,387 3,925 5,517 7,508 10,279 36.9%

arab Bank 1,700 2,301 3,275 3,695 3,718 0.6%

BnP Paribas 1,114 1,318 1,788 1,779 2,222 24.9%

Standard chartered 1,039 1,127 1,863 1,918 2,232 16.4%

Mashreqbank 870 1,417 1,303 1,772 1,641 -7.4%

United Bank 247 317 513 736 829 12.6%


Total 67,970 91,648 130,090 185,703 245,802 32.4%


islamic Banks 10,176 11,943 15,705 24,362 36,629 50.4%

Foreign Banks 7,555 10,599 14,480 17,692 21,208 19.9%


total Customer deposits for Qatari Banking sector reached Qr245.8 billion in 2008.

QnB has the highest market share in Customer deposits among all Qatari Banks.



Total Shareholders’ Equity• Banking Sector: increased by Qr14.6 billion (30.4%) to Qr62.8 billion.• conventional Banks: increased by Qr9.4 billion (29.8%) to Qr40.8 billion.• islamic Banks: increased by Qr3.5 billion (28.6%) to Qr15.6 billion. • Foreign Banks: increased by Qr1.1 billion (43.1%) to Qr 3.7 billion.

(QR Million) 2004 2005 2006 2007 2008 %

QnB 6,685 8,709 8,457 13,858 16,643 20.1%

Doha Bank 1,594 2,401 2,768 3,619 4,913 35.8%

commercialbank 2,620 5,677 5,631 6,228 9,978 60.2%


ahlibank 890 1,075 1,182 1,524 1,640 7.6%

international islamic 450 882 1,425 2,356 2,780 18.0%

international Bank of Qatar 392 902 1,367 1,928 2,593 34.5%

Masraf al rayan 4,079 5,159 5,694 10.4%

al khaliji 4,561 4,546 -0.3%

Qatar Development Bank 332 375 348 1,679 3,133 86.6%

HSBc 318 440 621 799 1,081 35.2%

arab Bank 178 239 355 448 567 26.6%

BnP Paribas 115 143 207 250 288 15.6%

Standard chartered 156 190 165 191 377 97.6%

Mashreqbank 333 395 657 733 1,188 62.0%



Total 15,676 23,662 31,671 48,160 62,812 30.4%


islamic Banks 1,946 2,978 9,749 12,144 15,617 28.6%

Foreign Banks 1,218 1,545 2,168 2,619 3,748 43.1%


TOTaL ShaRehOLDeRS’ eQuITy

200830,000

35,000

40,000

45,000

50,000

55,000

60,000

30.4%

62,812

2007

48,160

65,000

67.5%

6.0%

26.5%

total shareholders’ equity for the Qatari Banking sector reached Qr62.8 billion in 2008.

QnB has the highest market share in shareholders’ equity among all Qatari Banks.


Comparative statistiCsNet Profit• Banking Sector: increased by Qr1.9 billion (21.2%) to Qr10.8 billion.• conventional Banks: increased by Qr1.7 billion (31.4%) to Qr7.1 billion.• islamic Banks: increased by Qr1.3 billion (4.5%) to Qr3.0 billion.• Foreign Banks: increased by Qr48 million (8.3%) to Qr625.7 million.

(QR Million) 2004 2005 2006 2007 2008 %

QnB 827.5 1536.8 1997.9 2,506.1 3,652.5 45.7%

Doha Bank 368.4 789.9 744.0 926.5 946.5 2.2%

commercialbank 345.9 749.5 862.7 1,390.7 1,702.4 22.4%

Qatar islamic Bank 294.1 511.3 1003.0 1,255.4 1,642.5 30.8%

ahlibank 86.2 141.6 202.2 302.7 425.8 40.7%

international islamic 88.9 465.6 399.0 480.0 501.2 4.4%

international Bank of Qatar 37.2 90.1 150.5 234.3 305.1 30.2%

Masraf al rayan 112.8 1,192.5 917.0 -23.1%

al khaliji 74.3 29.3 -60.6%

Qatar Development Bank 7.2 8.1 1.3 19.9 108.2 443.3%

HSBc* 108.5 178.6 183.8 251.1 278.7 11.0%

arab Bank* 36.7 60.9 79.5 93.4 79.5 -14.9%

BnP Paribas* 15.2 28.4 64.1 41.0 39.7 -3.1%

Standard chartered* 41.1 75.0 50.2 74.0 76.3 3.1%

Mashreqbank* 55.9 62.7 61.4 76.7 90.6 18.2%

United Bank Limited* 11.1 16.6 16.8 24.5 20.1 -18.1%

Bank Saderat iran* 8.7 11.0 14.4 16.9 40.8 141.2%

Total 2,332.4 4,726.1 5,943.7 8,960.0 10,856.4 21.2%

conventional Banks 1,672.4 3,316.0 3,958.6 5,454.5 7,169.9 31.4%

islamic Banks 382.9 976.9 1,514.9 2,927.9 3,060.7 4.5%

Foreign Banks 277.2 433.2 470.2 577.7 625.7 8.3%

* Foreign banks’ Net Profit on after tax basis.Source: Banks’ Annual Reports and published information

20084,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

21%

10,931

2007

8,960

60.6%

5.8%

33.6%

neT PROFIT

total net profit of the Qatari Banking sector reached Qr10.9 billion in 2008.

QnB has the highest net profit among all Qatari Banks.


internationaL operations oF Qatari Banks

QnB

Type Country

BranchesUk, France, kuwait, oman, yemen,

Switzerland, Sudan and Singapore

representative offices Libya and iran

QnB

Institution Country

34% stake in Housing Bank for trade

& Finance

Jordan, with operations in Palestine,

Syria, Bahrain, and algeria

50% stake in Qatar – tunisian Bank tunisia

23% stake in al Mansour Bank iraq

23% stake in commercial Bank international Uae

100% stake in ansbacherUk, with operations in London, Zurich,

Jersey, and guernsey

49% stake in Qatar national Bank – Syria Syria

100% stake in QnB Banque Privée (Suisse) Switzerland

Commercialbank

Institution Country

35% stake in national Bank of oman oman

40% stake in United arab Bank Uae

Doha Bank

Type Country

Branches USa, kuwait and Uae

representative officesSingapore, Japan, korea, romania and

turkey

Qatar Islamic Bank

Institution Country

arab Finance House Lebanon

european Finance House United kingdom

asian Finance Bank Malaysia

International Islamic

Institution Country

11.2% stake in islamic Bank of Britain Uk

30% stake in Syrian international islamic Bank

Syria

al khaliji

Type Country

4 Branches* Uae

1 Branch* France

*Through acquisition of BLC Bank (France) SA

QnB has the Largest international presence among all local Qatari Banks.


Qatari Banks dividend distriBution

2004 2005 2006 2007 2008

QNB

cash Dividend (%) 60% 75% 60% 50% 75%

Bonus Shares nil 1 for 4 1 for 4 1 for 5 1 for 4

Doha Bank

cash Dividend (%) nil nil 5% 40% 50%

Bonus Shares 7 for 10 8 for 10 nil 1 for 5 nil

Commercialbank

cash Dividend (%) 40% 40% 70% 40% 70%


Qatar Islamic Bank

cash Dividend (%) nil 25% 70% 20% 70%


ahlibank

cash Dividend (%) 18.75% nil 15% 20% 50%

Bonus Shares nil 1 for 3 1 for 4 3 for 20 nil

International Islamic

cash Dividend (%) 10% nil nil nil 40%

Bonus Shares 3 for 10 1 for 1 1 for 2 8 for 10 nil

Masraf Al Rayan

cash Dividend (%) - - - 10% 15%

Bonus Shares - - - nil nil

Source: Qatar Exchange.

Credit FaCiLities - may 2009

total credit facilities declined by 2.7% during the first five months of 2009 to Qr236.3 billion, compared to Qr242.9 billion as at year end 2008. in 2008 total credit facilities increased by 51.3% to reach Qr242.9 billion, up from Qr160.6 billion in 2007. in 2008, credit facilities to all sectors increased substantially.

During the first five months of 2009, credit facilities to the public sector declined by 33.1% to Qr40.5 billion from Qr60.6 billion in December 2008. credit facilities to the Private Sector increased by 7.6% to reach Qr172.8 billion in May 2009, compared to Qr160.5 billion in December 2008.

(QR Million) PublicSector

PrivateSector

TotalQatar

OutsideQatar

grandTotal

Dec-05 18,650 48,716 67,366 2,368 69,734

Dec-06 21,537 73,236 94,773 7,775 102,548

Dec-07 35,902 110,427 146,329 14,267 160,596

Dec-08 60,589 160,514 221,104 21,846 242,949

May-09 40,525 172,764 213,289 23,058 236,347

% change -33.1% 7.6% -3.5% 5.5% -2.7%

Source: Qatar Central Bank.

QnB paid the highest dividend among Listed Qatari Banks.

Credit Facilities as at may 2009 stood at Qr236.3 billion.


Credit FaCiLities to puBLiC seCtor - may 2009

within Public Sector, exposure to the government declined by 38.9% in May 2009 as compared to year-end 2008. Similarly, credit Facilities to government institution declined by a larger extent than government, down by 41.6% for the first five months of 2009 to reach Qr21.5 billion.

(QR Million) government governmentInstitution

Semi governmentInstitution

Total Public

Dec-05 12,419 1,776 4,456 18,650

Dec-06 12,563 1,585 7,389 21,537

Dec-07 9,151 16,898 9,854 35,902

Dec-08 13,206 36,795 10,589 60,589

May-09 8,063 21,490 10,972 40,525

% change -38.9% -41.6% 3.6% -33.1%


Banking seCtor deposits - may 2009

total deposits increased by a marginal 0.2% during the first five months of 2009 to reach Qr212.8 billion compared to Qr212.5 billion in December 2008. in 2008 total deposits increased by 27.1% to reach Qr212.5 billion compared to Qr167.2 billion in 2007.

(QR Million) Public Sector

Private Sector Total

non Resident Deposits

grand Total

Dec-05 31,756 52,875 84,631 769 85,400

Dec-06 42,898 76,407 119,305 1,155 120,460

Dec-07 60,239 102,602 162,841 4,365 167,206

Dec-08 75,835 122,215 198,050 14,429 212,479

May-09 59,555 135,746 195,301 17,530 212,831

% change -21.5% 11.1% -1.4% 21.5% 0.2%


puBLiC seCtor deposits - may 2009

within Public Sector Deposits, by government institutions, reported the largest decline of 35.8% to Qr27.7 billion. total Public Deposits stood at Qr59.6 billion in May 2009 declining by 21.5% from year-end 2008.

(QR Million) government governmentInstitution

Semi governmentInstitution

Total Public

Dec-05 8,595 14,630 8,530 31,755

Dec-06 13,090 21,515 8,293 42,898

Dec-07 13,593 36,101 10,545 60,239

Dec-08 19,413 43,105 13,317 75,835

May-09 16,944 27,657 14,954 59,555

% change -12.7% -35.8% 12.3% -21.5%


Credit Facilities to the public sector as at may 2009 stood at Qr40.5 billion.

Banking sector depositsas at may 2009 reached Qr212.8 billion.

public sector depositsas at may 2009 stood at Qr59.6 billion.


private seCtor deposits - may 2009

contrary to the decline in Public Sector Deposits during the first five months of 2009, Private Sector Deposits increased by an overall 11.1% to reach Qr135.7 billion. Deposits by both Personal and companies and institutions increased.

(QR Million) Personal Companies &Institutions

TotalPrivate

Dec-05 31,465 21,411 52,875

Dec-06 42,687 33,720 76,407

Dec-07 52,450 50,153 102,602

Dec-08 65,868 56,348 122,215

May-09 72,414 63,332 135,746

% change 9.9% 12.4% 11.1%


average interest rates

the weight average interest rates on credit facilities witnessed an increase during the first four months of 2009 as compared to 2008, with rates on overdraft up to 9.18% from 8.04%. rates on loans across various maturities also increased.

on the other hand, rates on customer deposits declined for demand deposits while increasing for savings and term deposits. interest rates for deposits up to six months increased to 4.24% compared to 4.04% for 2008.

Weighted average Interest Rates on Credit Facilities

Loans

% overdraft one year From 1 to 3 years 3 years & up cars

2005 6.87 6.35 9.48 8.32 7.44

2006 7.56 7.33 9.15 8.52 8.61

2007 7.94 7.57 8.92 8.76 8.18

2008 8.04 6.84 8.65 8.55 8.43

average to april 2009 9.18 6.95 8.97 8.88 9.24

Weighted average Interest Rates on Customer Deposits

% Demand deposits Saving Deposits 1-month 6-months

2005 1.88 1.03 3.49 3.74

2006 2.67 1.49 4.01 5.00

2007 2.71 1.68 4.39 4.91

2008 1.94 1.40 3.54 4.04

average to april 2009 1.78 1.61 3.99 4.24


private sector depositsas at may 2009 reached Qr135.7 billion.


QnB CaPITaL LLCPO Box 1000 Doha, QatarTel. (+974) 496 8111Fax (+974) 496 8110www.qnbcapital.com.qa

© Banking Sector Review

the Banking Sector review is a publication of QnB capital.

all the information in this review has been carefully collated and verified. However, QnB capital accepts no liability whatsoever for any direct or consequential losses arising from its use. where an opinion is expressed, unless otherwise cited, it is that of the authors which does not coincide with that of any other party, and such opinions may not be attributed to any other party.

Banking Sector review is distributed on a complimentary basis to valued business partners of QnB capital. it may not be reproduced in whole or in part without permission.

Banking seCtor CapitaLisation as at June 30, 2009

Banking Sector Market capitalisation reached Qr94.7 billion in June 30, 2009 with QnB’s market share representing 38.1%.

Price Price Change (%) Capitalisation

Banking Sector 31/12/2008 June 30 year to date (QR Million)

QnB 137.0 120.0 -12.4% 36,134

Doha Bank 42.0 37.0 -11.9% 6,692

commercialbank 88.3 63.2 -28.4% 13,684

international islamic 58.6 41.2 -29.7% 5,457

Qatar islamic Bank 82.8 72.5 -12.4% 14,990

ahlibank 43.5 43.0 -1.1% 2,637

Masraf al rayan 11.0 12.5 -13.6% 9,375

al khaliji 7.2 16.0 123.8% 5,760

Total Banking Sector 94,729

market CapitaLisation

Qatar exChange index and Banking index

• the Qatar exchange index closed on June 30, 2009 at a level of 6,491.65 decreasing by 5.7% from its level of 6,886.12 as at December 31, 2008.

• the Banking index closed on June 30, 2009 at level of 8,960.82 decreasing by 13.2% from its level of 10,319.7 as at December 31, 2008.

InDeX 2006 2007 2008 June 2009

Qatar exchange index 7,133.00 9,580.45 6,886.12 6,491.65

% change -35.5% 34.3% -28.1% -5.7%

Banking index 10,565.46 13,411.13 10,319.72 8,960.82

% change -36.9% 26.9% -23.1% -13.2%

Source: Qatar Exchange.

90

10596.1

BankingSector

InsuranceSector

IndustrialSector

ServiceSector

6.9

68.3

98.7

0

30

15

45

60

75

QR

Billi

on

BankingSector 35.6%

Sector as % of Total

InsuranceSector 2.6%

IndustrialSector 25.3%

ServiceSector 36.5%

Documents

Banking FinanCe seCtor in the eConomy seCtor review€¦ · FinanCe seCtor in the eConomy During the First Quarter of 2009, the group Finance, insurance, real estate and Business