Qatar Needs a specialized "Business Bank"
Qatar needs an exclusive new "Business Bank"
The banks in Qatar are witnessing pressure on their services due to phenomenal population growth and heavy rush on their counters, which a scenario is not allowing the banks to give timely services to the business houses.
Moreover most of the banks are always busy in giving their services to huge number of individual customers.
That a scenario, if continue without any resolution, may hamper the growth of private sector.
Therefore there is a need to open an exclusive "Business Bank" that should specialize in extending timely business services as well as easy and cheap financing to the importers, exporters and the local businesses all across the country.
Your home is where u work and live.
As blogger our job is to highlight the ways forward in the best benefit of everyone.
From your posts I think that you believe in too idealistic a world.
Governments are there to govern and do the best for "their" people. In Qatar, the focus is rightly in Qataris - anyone else is a guest worker - here temporarily.
Their money sources include:
1. Govt. deposits
2. Company deposits
3. Personal deposits
4. Own Capital
5. Reserves
6. Inter Bank borrowings
7. By floating bonds
8. By listing on the stock
A business bank needs the deposits of the individuals. Where do you think they get the money from that they can lend to businesses? They get it from withholding the salaries for a day. With that money they finance the loans for businesses.