Arab Today, arab today bank of sharjah signs 200m club term loan facility
Last Updated : GMT 03:43:27
Arab Today, arab today
Arab Today, arab today

Bank of Sharjah signs $200m Club Term Loan Facility

Arab Today, arab today

Arab Today, arab today Bank of Sharjah signs $200m Club Term Loan Facility

Sharjah - WAM

Bank of Sharjah has signed a USD 200 Million Club Term Loan Facility with a Group of Local and International Mandated Lead Arrangers: National Bank of Abu Dhabi PJSC (acting as facility Agent and Coordinator), Commercial Bank of Dubai PSC, Commerzbank Aktiengesellschaft, First Gulf Bank PJSC, and Wells Fargo Bank N.A. The two-year facility will be used by the Bank for its general corporate purposes, specifically for USD denominated transactions. The facility carries a margin of 1.25% per annum, with a reduction of 25 basis points compared to the pricing applied to the term loan signed in June 2011 by the Bank and fully repaid in August 2013. Bank of Sharjah was the first commercial bank established in the Emirate of Sharjah, and the biggest in term of Total Assets. It is primarily a corporate Bank operating through five UAE branches and a subsidiary Emirates Lebanon Bank in Lebanon. The Bank launched in 2012 a cooperation agreement with Commerzbank, Luxembourg to offer Private Banking and Wealth Management Services. The bank maintains an investment grade rating of BBB+ from Fitch. Total Assets at the end of 2012 amounted to USD 6.2 Billion and the capital adequacy ratio stood at 23% with a tier 1 capital ratio of 21.48% Varouj Nerguizian, Executive Director \'&\' General Manager commented: \"This financing initiative translates Bank of Sharjah\'s solid standing among the country\'s leading commercial banks and the respect it commends within the International banking community. The reduction of the pricing of this facility is a confirmation of the bank\'s ever strengthening reputation, thanks to its healthy financial structure and sustained performance. The renewed vigor of the UAE economy is reflected in the Bank\'s balance sheet, harnessing opportunities with solid corporate clients through sound lending practices. This financing commitment will allow Bank of Sharjah to continue to address its clients\' dollar funding requirements while facilitating new relationships.\" In closing V. Nerguizian added: \"Bank of Sharjah\'s sound lending and solid corporate governance practices remain the major components of success.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bank of sharjah signs 200m club term loan facility Arab Today, arab today bank of sharjah signs 200m club term loan facility

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday