Biggest Qatar Bank Is Weighing Funding Options While Gulf Spat Drags On
- QNB held talks with banks for private placement, bond or loan
- Foreign deposits may fall as banks refuse to roll over
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Qatar National Bank QPSC is considering options to raise financing, people familiar with the matter said, as an ongoing standoff with its Gulf neighbors threatens to weaken liquidity in the gas-rich country,.
The Middle East’s largest lender by assets held early discussions with international banks about the possibility of a private placement, bond sale or loan in the fourth quarter, said the people, asking not to be identified because the information is private. Final decisions haven’t been made and the bank may decide against a deal, the people said.