Qatari banks had the lowest bad loans on their books as well as the highest provision cover and return on equity (ROE) among the Gulf Co-operation Council (GCC) lenders during the second quarter (Q2) of 2021, according to Kamco Invest, a Kuwait-based non-banking financial powerhouse. The Qatari banks' Stage 3 impaired loans stood at 2.5% (of the gross loans) at the end of Q2-2021, a slight jump from 2.4% in the first quarter (Q1)-2021; even as the average share of bad loans (Stage 3 loans) on the GCC banks’ loan books remained stable quarter-on-quarter at 4.2%. The non-performing loans (NPLs) for the UAE banks continued to remain the highest in the GCC at 6.1% at the end of Q2-2021, in li
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