Gulf banks increase money through the loan market

25 Nov 2015

(MENAFN) Gulf banks are rushing to increase money through the loan market at the end of this year; almost nine organizations including Qatar, UAE will talk to other banks about increasing cash.

Additionally, the banks have to search for other financing ways, like the loan market, in order to fill the space.

Moreover; Qatari banks are best noticeable in the present activity, with sources confirming Commercial Bank of Qatar and Doha are advertising trades and two Islamic banks.

In addition, other banks including Kuwait’s Burgan Bank, is advertising an up-to-USD 300mn two-year loan, and Bahrain’s Gulf International Bank, seeking USD 400mn from a three-year credit paying.

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