eby1975, Mismatched found.
QCBR for deposits 2%. Rate that Qatar Central bank pays to banks for money deposits on it.
QCBR for lending 5.5%. Rate that banks have to pay if they borrow the money from Qatar Central Bank.
So paying us 5% of interest for our deposits is saving the banks 0,5%.
It makes sense.
Sabrang, typical rate on personal loans is arond 8,5% (depending on conditions).
mathboy, your post was not very useful.
War looking for peace,
is like fornication looking for virginity.
eby1975, Mismatched found.
QCBR for deposits 2%. Rate that Qatar Central bank pays to banks for money deposits on it.
QCBR for lending 5.5%. Rate that banks have to pay if they borrow the money from Qatar Central Bank.
So paying us 5% of interest for our deposits is saving the banks 0,5%.
It makes sense.
Sabrang, typical rate on personal loans is arond 8,5% (depending on conditions).
mathboy, your post was not very useful.
War looking for peace,
is like fornication looking for virginity.