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- TAQA Group reports Q1 revenue of $ 3.87bn, up 3.8%
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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
12/05/2025
QNB has launched a large brand campaign under the slogan "Blue is Everywhere: Always with you wherever life takes you".
The campaign reflects QNB's keenness to move beyond transactional bank
Gulf Times
07/05/2025
QNB supported innovation and youth development as the 'Gold Sponsor' of the Creativity & Innovation for Engineering Solutions Development Forum hosted by Qatar University (QU)'s College of Engineerin
Gulf Times
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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16/05/2025
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, has delivered a 3.8% year-on-year revenue growth, reaching AE
Trade Arabia
16/05/2025
Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.
The
Muscat Daily
16/05/2025
Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region.
This stat
Gulf Times
16/05/2025
Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi
Gulfnews
16/05/2025
In line with its leading and responsible role in the banking industry, National Bank of Kuwait continues to advance confidently towards building a sustainable future by implementing its environmental
Kuwait Times
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