Qatar National Bank in talks to refinance 2.25 bln euro loan - sources | Reuters

Qatar National Bank in talks to refinance 2.25 bln euro loan - sources | Reuters:

Qatar National Bank, the largest bank by assets in the Middle East and Africa, is in discussions with lenders to refinance a 2.25 billion euro syndicated loan, sources familiar with the matter said.

QNB, which is 50 percent owned by Qatar’s sovereign wealth fund Qatar Investment Authority, is a regular borrower in the international syndicated loan market. Over the past three years it has raised over $7 billion in loans.

But a diplomatic crisis which erupted in the Gulf last year has made some international lenders more cautious about their exposure to Qatari entities, several sources told Reuters over the past year.