Shareholders of Commercial Bank of Qatar (CBQ) have approved the issue of up to $1 billion in capital-raising instruments, the bank said on Thursday.
The annual shareholders' meeting of the Gulf Arab state's second-largest
After years of strong, if volatile, GDP growth driven by significant debt-fuelled public spending, Qatar is now targeting steadier, more sustainable growth, a report said.
Qatar's economic model will continue to be driven by h
The Commercial Bank of Qatar, its subsidiaries and associates have posted a net profit of QR1.5 billion ($426.1 million) net profit for the first nine months of the year, up 19 per cent compared to the same period last year.
Commercial Bank of Qatar (CBQ) suffered a three per cent decline in second-quarter net profit, Reuters calculations based on half-year figures from the bank showed on Wednesday, as higher costs and provisions ove
Commercial Bank of Qatar will buy out the remaining publicly owned shares in Turkey's Alternatifbank and then delist the lender from the Istanbul bourse, it said on Wednesday.
The second-largest lender in Qatar bought a 74.25
Commercial Bank of Qatar tightened the pricing guidance for its benchmark-sized, five-year, US dollar bond to a range of 120 to 125 basis points over mid-swaps, a document from lead arrangers showed.
The lender, rated A1/A-/A by i
Foreign investors can own from Sunday 25 percent of Commercial Bank of Qatar's shares, a statement from the stock exchange said, as the lender becomes the latest firm to loosen ownership restrictions prior to the country's MSCI upgrade.
Commercial Bank of Qatar , the country's second-largest lender by assets, reported a drop in fourth-quarter net profit on Monday, missing analysts' forecasts as provisioning for bad loans rose substantially.
The bank made
Commercial Bank of Qatar is open to tie-ups with local financial institutions and could sell bonds next year to fund infrastructure lending in the Gulf Arab state, its recently appointed chief executive was quoted as saying.
Commercial Bank of Qatar (CBQ), the Gulf Arab state's second-largest lender by assets, said on Thursday it had completed the purchase of a 70.84 percent stake in Turkey's Alternatifbank.
The transaction has received the as