DUBAI- Qatar National Bank
's stake in UAE-based Commercial Bank International
is not for sale, a spokesman for QNB
on Wednesday. QNB
, the largest lender in the Middle East and Africa by assets, holds a 40 percent stake in CBI.
Tensions between the United Arab Emirates and Qatar have risen since a decision by the UAE, Saudi Arabia, Bahrain and Egypt on June 5 to cut diplomatic and transport ties with Qatar.
(Reporting By Tom Arnold. Editing by Jane Merriman) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters