|10-01-2014, 12:05 AM||#1|
Doha`s Ahli Bank signs a $200 million three-year loan
Ahli Bank, one of the leading commercial banks in Qatar and eighth-largest banks by assets, just signed a $200 million three-year loan with a group of 11 lenders.
This loan`s major target is to raise $100 million, but actually increased in size following interest from participating banks, and will pay an interest rate of 120 basis points over the London interbank offered rate.
Seven other regional and international banks also joined the transaction, excluding the main ones including Barclays, Commerzbank, HSBC and First Gulf Bank.
The Qatari bank has been enlarging its operations for the past period in a bid to assign a brighter future for the bank. It expanded its ATM network with the launch of 3 new ATMs the Bank’s ATM network in Qatar has expanded to 44 ATMs.
Few days ago, Ahli Bank launched one of its flagship products for 2014 – the all-new "Al Rabeh Savings Scheme" which offers customers a unique opportunity to save and win millions of Qatari Riyals.
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