Commercial Bank of Qatar in talks about potential loan -sources

Commercial Bank of Qatar in talks about potential loan -sources:

"Commercial Bank of Qatar (CBQ), the Gulf state’s third-largest lender by assets, is in talks with banks about a syndicated loan of up to $500 million, two sources familiar with the matter told Reuters. Raising money through a loan was one option open to the bank, which was also considering bonds as part of its normal funding pattern, one of the sources said. Qatari banks have been looking to diversify their funding sources since June last year when Qatar became locked in a dispute with Saudi Arabia, the United Arab Emirates, Egypt and Bahrain. The rift involved the latter four cutting diplomatic and transport ties with Doha and led to banks from those countries pulling funds out of Qatar."



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