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Qatar's QDB extends loan guarantee program by three months, lifts ceiling - QNA

Reuters | Dubai | Updated: 16-09-2020 18:42 IST | Created: 16-09-2020 18:42 IST
Qatar's QDB extends loan guarantee program by three months, lifts ceiling - QNA

Qatar Development Bank has extended by three months a national programme to provide guarantees to local banks to grant interest-free loans to companies affected by the coronavirus outbreak, state news agency QNA said on Wednesday.

The cabinet decision also raised the ceiling of the guarantees to 5 billion Qatari riyals, from 3 billion. The National Guarantee Programme was launched in April. (Writing by Lisa Barrington; Editing by Jan Harvey)



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