QCB Extends Commitments Procedures for Sectors Affected by Corona

Industry

Qatar Central Bank (QCB) decided, in its latest circulars issued during this week, to extend all circulars related to loans and obligations related to the affected sectors of Coronavirus until September 30 of this year, after it had extended them on a first occasion to the date of June 15 of this year in a way that contributes to easing All the challenges that many sectors faced, especially small and medium companies, especially those that were forced during the past year to either suspend all their activities, or suspend part of their activities, with the aim of limiting the spread and spread of the Coronavirus pandemic, as the instructions directed to Islamic banks and banks operating in The state and financing companies believe that this extension is part of the continuation of the efforts made by the state to limit the effects of the outbreak of the Coronavirus epidemic.

QCB has directed the extension of all circulars related to loans and obligations related to the affected sectors until the date of September 30 of this year to banks, financial companies, and supervisory authorities in the state of Qatar. QCB explained that the extension procedure comes within the framework of the continued efforts made by the state to limit the effects of the new Corona epidemic COVID19.

 

Source: Government of Qatar