Regulatory Alerts2017-06-09
Added · Updated
Reduction of Interest Rates on Medium-Term Financing Advances to Licensed Banks
The Central Bank of Qatar reduces the interest rates on outstanding medium-term financing advances to licensed banks to 2.75%, calculated as the current discount rate minus 2%, effective September 2013. Licensed banks are required to reduce the interest rates on advances extended under this program by an equal amount. This directive is issued by Governor Dr. Ziad Fariz pursuant to memorandum no (33/2013) dated 6/8/2013.
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