Qatar's CBQ eyes tie-ups, could sell bonds in 2014 - Banking & Finance - ArabianBusiness.com:
"Commercial Bank of Qatar is open to tie-ups with local financial institutions and could sell bonds next year to fund infrastructure lending in the Gulf Arab state, its recently appointed chief executive was quoted as saying.
The lender, which earlier this year completed the purchase of a 74.2 percent stake in Turkey's Alternatifbank, is also open to further foreign acquisitions but will wait to see the performance of the Turkish business before deciding on new deals, Abdulla Saleh al-Raisi told the Qatar Tribune.
He did not specify what kind of tie-up with local institutions the bank would seek. Mergers between banks in Qatar, like much of the Gulf Arab region, are extremely rare as majority shareholders - often powerful local families - are reluctant to cede control except for extremely high valuations.
The last merger attempt in Qatar, between Al Khaliji Commercial Bank and International Bank of Qatar, collapsed in June 2011 after more than a year of negotiations as the two parties couldn't agree terms."
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