Qatar’s banking sector saw provisioning grow faster year-on-year than the total credit this October, indicating the conservative approach of the industry amidst the Covid-19 pandemic. The provisioning towards interest/income from suspense and that towards special loans/finance grew faster than that towards expected credit loss in the review period, said the figures release by the Qatar Central Bank. Total credit by the commercial banks witnessed a 12.02% year-on-year growth to QR1.12tn in October this year. Domestic credit was seen expanding 13.19% to QR1.05tn; while foreign credit was down 2.11% to QR0.8tn in the review period. However, total provisioning grew faster at 18.5% year-on-year
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