Qatar’s bond market is off to its worst start in three years even as the country ramps up $200 billion of spending to host soccer’s 2022 World Cup.
Credit Agricole SA and Societe Generale SA may be among European banks with the most at risk from the Greek crisis because of unprofitable units in the country.
Union National Bank PJSC declined the most in more than three years after the lender, whose shareholders include the Abu Dhabi and Dubai governments, cut its full-year cash dividend by 33 percent.
Qatar National Bank SAQ, the Gulf country’s biggest bank by assets, may raise about a $1 billion from a bond sale as it seeks longer-term money to fund growth.
Qatar National Bank SAQ, the largest bank in the Middle East by assets, raised its dividend to 6 riyals a share as 2012 fiscal-year profit missed estimates.
Shuaa Capital PSC advanced to the highest in more than a year after the investment bank controlled by Dubai’s ruler was raised to buy at Arqaam Capital Ltd.
"Lending appetite from international banks is still limited, while many of the larger local banks have been making significant progress on their strategies to build wholesale banking franchises and increase market share."
- Jaap Meijer on Jan 07, 2015