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CB completes raising QAR 2 billion Tier1 Capital

9th Mar 2016 07:00

RNS Number : 5017R
Commercial Bank of Qatar (Q.S.C.)
09 March 2016
 

 

 

 

The Commercial Bank (Q.S.C.) completes transaction raising QAR 2 billion

of Additional Tier 1 Perpetual Capital Notes

 

03 March 2016, Doha, Qatar: The Commercial Bank ("Commercial Bank" or "the Bank"), announces that it has raised QAR 2 billion in Additional Tier 1 Perpetual Capital Notes to strengthen the Bank's capital adequacy ratios and support funding future growth across the Commercial Bank, its subsidiaries and associates. The transaction was successfully completed on 28 February 2016.

 

 

**Ends**

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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