Chief among the problems is inability of the companies to pay the loan even though some of them are involved in real estate, investment, and automobiles.
Now U.S. authorities are weighing a criminal penalty against Standard Chartered and individual employees, said the people, who requested anonymity to speak about the probe.
The Agreement reflects the commitment of both authorities to support the continuous development of FinTech and innovation to deliver new and enhanced financial services to manage risks better, reduce costs, and increase efficiency.
It was third consecutive monthly increase in deposits, said Monica Malik, chief economist, Abu Dhabi Commercial Bank.
The agreement, which was signed by the heads of the two central banks on Friday, will establish a two-way currency exchange line, the Qatar Central Bank said in a statement posted on its website.