Monday, 8 October 2018

QNB's dollar liquidity excellent, has no funding need, CEO says | Reuters

QNB's dollar liquidity excellent, has no funding need, CEO says | Reuters:

Qatar National Bank’s U.S. dollar liquidity is “excellent” and the bank has no funding need at the moment, the bank’s chief executive told Reuters.

“We’re not in need of funding right now but once we see an opportunity we’ll tap the market,” said Ali Ahmed al-Kuwari.

QNB, the largest bank by assets in the Middle East and Africa, is in talks to refinance a 2.25 billion euro loan due in May next year, sources told Reuters last month.

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