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Saturday, 5 August 2017

RPT-Qatar's Doha Bank seeking to reduce UAE loan book -sources

RPT-Qatar's Doha Bank seeking to reduce UAE loan book -sources:

"A unit of Qatar's Doha Bank is seeking to sell some of its assets in the United Arab Emirates to local lenders, two banking sources said, the first major move by a Qatari lender to cut exposure to the Gulf's main financial and wealth centre. The unit has been in talks with local banks to sell some of its loan book, the sources, who declined to be named due to the sensitivity of the matter, told Reuters. Doha Bank's corporate finance team is working on downsizing the UAE loan portfolio, one of the sources said."



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