Al khaliji eyeing North African market
- Qatar: Wednesday, March 06 - 2013 at 04:42
Qatari bank Al Khaliji has said it is looking at funding the top 50 infrastructure and contracting conglomerates across the Gulf region, and is also expanding the coverage to North Africa as part of its 2013-15 strategy to make it a strong and visible industry player, Gulf Times has reported. The bank is aiming to achieve return on equity of 15% in the next three years; even as it ruled out expansion in the European markets through its French subsidiary, which has one branch in Paris and four in the UAE, said the lender's chairman, Hamad bin Faisal bin Thani al-Thani. "We are not only confined to Qatar as the bank has a GCC-wide shareholder base. We look at selective basis on key corporate preferred customers," he said.
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