Qatar National Bank (QNB) QNBK

195.00 -1.99 -1.02 %

QNB’s dollar liquidity ‘excellent’; bank has no funding need

(10/10/2018 6:59:00 AM)

Qatar National Bank’s US 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 ¤2.25bn loan due in May next year, sources told Reuters last month.

The Peninsula