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|11 October, 2017

Qatar National Bank's rules out sale of stake in UAE lender CBI

Qatar National Bank's stake in UAE-based Commercial Bank International is not for sale, a spokesman for QNB told Reuters.

Commercial Bank International Head office.

Commercial Bank International Head office.

CBI/CBI handout via Thomson Reuters Zawya
DUBAI- Qatar National Bank's stake in UAE-based Commercial Bank International is not for sale, a spokesman for QNB told Reuters 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 Messaging: tom.arnold.thomsonreuters.com@reuters.net))

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