Qatar Banks Eased Property Loan Repayments, Doha Bank CEO Says

Qatar’s banks eased repayment terms on real-estate loans, according to the chief executive officer of Doha Bank QSC, after the Saudi Arabia-led standoff hurt property prices, Bloomberg News reported. “Cash flows have been redefined, debt has been restructured to see that debt-servicing capacity is not in danger in the coming days for real estate owners,” Raghavan Seetharaman said in an interview with Bloomberg TV on Monday. “Banks are also cautious in terms of overall lending for real estate.” Home prices are going through a “minor correction” but retail real estate prices have held up well, he said. Overall real estate prices have declined 23 percent since November 2015, according to central bank data. Read more