(MENAFN) Qatar's private sector is forecast by banks for a rapid credit growth during this year, with companies looking for expansion in borrowing and investment.
Qatar National Bank was confirmed by its spokesman to be looking for lending growth to reach about 50 percent in contribution to the private sector.
Commercial Bank declared "looking ahead to 2018 and beyond, the projected growth of the private sector will present several opportunities for the bank to finance the expansion of business."
Qatar is currently opening several doors of opportunity in the consumer goods sector, with the market share cuts down some suppliers, bankers suggested.
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