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- Picking UAE stocks that can withstand global markets' tariff whiplash
- Dubai's Emirates NBD clears Dh1 trillion balance-sheet milestone in Q1-2025
- NBK reports a net profit of KD 134.1 million for Q1 2025
- CBB Treasury Bills oversubscribed by 166%
- Bahrain All Share Index closes lower
- Boubyan Bank records KD 26.5 million in net profit for Q1, 2025, an increase of 6%
- Zain Kuwait, one of the first mobile operators in region to achieve ISO 37301
- CBO launches 74th issue of Government Development Bonds via auction
- QNB Group broadens funding sources, open to future opportunities
- Bank Muscat advances digital transformation
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
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
27/03/2025
QNB announced the signing of a strategic master agreement with QLM, the leading specialised insurance company to provide innovative insurance solutions to SMEs (small and medium enterprises). This ma
The Peninsula
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22/04/2025
Emirates NBD's profit before tax stirred up a sharp 56% quarter-to-quarter growth to Dh7.8 billion for the first three months of 2025. The key fundamentals - 'lending momentum, improvement in deposit
Gulfnews
22/04/2025
National Bank of Kuwait (NBK) has announced its financial results for the three-month period ended March 31, 2025. The Bank reported a net profit of KD 134.1 million ($434.8 million), compared to KD
Kuwait Times
22/04/2025
Boubyan Bank has announced its financial results for Q1 of this year. The bank recorded KD 26.5 million in net profits at a growth rate of 6 percent compared with the same period of the past year, wi
Kuwait Times
22/04/2025
Zain, Kuwait's leading digital services provider, has been awarded the ISO 37301:2021 certification an internationally recognized standard for Compliance Management Systems (CMS).
As one of
Kuwait Times
22/04/2025
Bank Muscat places significant emphasis on digital transformation to achieve excellence in the banking sector and offer innovative services that meet the needs of individual and corporate customers.
Muscat Daily
Financial Information Co.
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