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22/04/2025 04:22 AST
QNB Group, the largest financial institution in the Middle East and Africa, stated that the recently announced $2bn unsecured syndicated term loan facility aims at extending the bank's financing maturity and
diversifying its funding sources.
In a statement to Qatar News Agency (QNA), the Group explained that the facility carries a five-year maturity and saw participation from a number of Asian financial institutions, including banks from Taiwan, China, Japan, Korea, and Mauritius.
QNB Group further noted that the interest rate on the facility is highly competitive, considering the size and duration of the transaction.
In light of fluctuating interest rates and expectations that the US Federal Reserve will implement three to four rate cuts this year, QNB Group noted that syndicated loans, such as the one it has recently secured, typically carry variable interest rates, positioning the Group to benefit from any future decline in rates.
Regarding the possibility of securing additional loan facilities during the current year, the Group stated that it maintains sufficient liquidity to meet its financing requirements.
However, it remains open to exploring opportunities as they arise.
Should suitable financing options become available in terms of duration and pricing, the bank will consider them accordingly.
QNB Group is present in more than 28 countries across three continents, with more than 31,000 employees operating through 900 locations and more than 5,000 ATMs.
QNA
24/04/2025
QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.
The campaign, taking place from April 24-June 24, will offer win
Gulf Times
20/04/2025
Qatar National Bank ( QNB) has projected a significant deceleration in the US economy, with GDP growth expected to drop to 1.4 percent in 2025, compared to 2.8 percent in 2024.
In its weekly
The Peninsula
11/04/2025
QNB Group, one of the largest financial institutions in the Middle East and Africa (MEA) region, posted a first quarter (Q1, 2025) net profit of QR4.3bn ($1.2bn), an increase of 3% compared to same p
Gulf Times
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25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
24/04/2025
QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.
The campaign, taking place from April 24-June 24, will offer win
Gulf Times
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