Summary: Commercial Bank of Qatar (CBQ) obtained a US$ 166 million three-year ninja loan
from international banks for general corporate purposes.
signed a debut $166 million 3-year Ninja Loan
facility on 23 March 2016.
Commercial Bank has signed a debut $166mn three-year Ninja Loan
facility, which is the first one for a GCC financial institution.
And one could argue that a loan to the government of Greece or Portugal affords little more security than a NINJA loan
. Indeed, lending to governments and banks in the European periphery represents the European equivalent of subprime lending in the US (which was also concentrated in a few sunshine states).
NORDIC BUSINESS REPORT-11 July 2008-Volvo Group signs SEK6.2bn Ninja Loan
with Japanese financial institutions(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
And the dramatic-sounding "ninja loan
" is defined as "a type of high-risk loan issued to borrowers with no income, no job, and no assets", while a "bank run or a run on a bank" is explained as "a rush to withdraw funds from a bank by customers fearing the bank's imminent insolvency".
An example is the sub-prime mortgage market in America - including the NINJA loans
issued to people with No Income, No Job and no Assets.
Just look at America's so-called Ninja loans
- to people with No Income, No Job or Assets - which sparked the current crisis.