Qatar's Barwa Real Estate Co said on Thursday a bank it is launching would decide when to start operations after it received regulatory approval.

'The Qatar Central Bank has expressed 'no objection' on Barwa Bank carrying out its banking activities,' Barwa Real Estate said in a statement on the Doha bourse website.

'Barwa Bank will select an appropriate date for commencing its banking activity at a later time,' it added, giving no further details.