Doha Bank raises rates on personal loans 

(MENAFN - The Peninsula) In a move which has grieved some of its customers, the Doha Bank has raised the interest rate on personal loans. The margin has been increased to 9.49 percent from a low of six percent yearly some three weeks ago.

Attempts to elicit response on the issue from senior members of the bank's management failed, but enquiries with its call centre confirmed the margin on personal lending had been raised.

Asked to explain the reason why the margin had been increased by more than three percent, the call centre official briefly said: "It's our bank's policy."