CBQ Raises QR 2 Billion to Boost Capital

The Commercial Bank of Qatar has announced raising QR 2 Billion to boost its capital adequacy ratios.

Qatar’s first private bank raised this amount by issuing Additional Tier 1 Perpetual Capital Notes. CBQ completed the transaction February 28, 2016.

The augmented capital will help funding business of CBQ, its subsidiaries and associates.

Source : QUNA