Qatari banks are facing funding pressure, as foreign customers worried about Doha’s intensifying spat with its Arab neighbors withdraw deposits. Foreign deposits in Qatari banks fell nearly 8% month-over-month to 157.2 billion Qatari riyals ($43.2 billion) in July, after falling by a similar level in June, according to Qatar central bank data posted on its website Monday. Deposits from outside the country accounted for about 20% of total bank deposits in July, down from more than 24% in May. The outflow of foreign bank deposits represents a worrying sign of how Q...

Source: Wall Street Journal August 21, 2017 14:12 UTC