| 10 Jul 2010 |
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QNB Opens New Office at Qatar Science & Technology Park
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Doha, 10 July 2010 - Qatar National BankQatar National Bank
(QNBQNB) today opened a new Office within the Qatar Science & Technology ParkQatar Science & Technology Park (QSTPQSTP) campus.Qatar Science & Technology ParkQatar Science & Technology Park is a home for technology-based companies from around the world and an incubator for start-up enterprises. Together with the Qatar FoundationQatar Foundation for Education, Science and Community Development, QSTPQSTP supports the ambitions of the State of Qatar to develop an advanced knowledge-based economy.
The opening of this new office is an extension of the Bank's strong relationship with Qatar FoundationQatar Foundation (QF)(QF) which includes active participation in numerous initiatives spanning education and community development.
With the launch of the new QSTPQSTP office, Qatar's leading financial institution will be able to offer technology-based companies and employees based here with direct access to enhanced financial services.
QNBQNB
will offer a full range of banking solutions for both retail and corporate customers. These include account services, foreign exchange transactions and a variety of loans for individuals, as well as business banking services such as L/Cs and L/Gs, among others.
QNBQNB
's corporate banking services also include advanced solutions to meet the fast pace of modern business such as corporate credit cards, internet banking solutions via the corporate internet banking platform S@hl, and a wide range of financial solutions for small to large enterprises and government entities. The QNBQNB office at QSTPQSTP will be open to customers from 8am to 1:30pm from Sunday to Thursday and has 24-Hour ATM access, in addition to offering emergency ATM card replacements during office opening hours.
For more information regarding QNBQNB products and services offered to individual or corporate banking customers, please contact the Bank's Customer Care Center at 4407777.
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Qatar National BankQatar National Bank
(QNBQNB), established in 1964 as the country's first Qatari-owned commercial bank, has an ownership structure split between the Qatar Investment Authority (50%) and the private sector (50%). QNBQNB has steadily grown to be among the largest banks in the region and is by far the leading financial institution in the country, with a market share approaching 40% of banking sector assets.
QNBQNB offers a full range of Retail, Corporate, Investment, Treasury, Wealth Management, and Islamic Banking products and services for individuals, corporate institutions and government entities in Qatar as well as internationally.
QNBQNB has the largest distribution network in Qatar, comprising 45 branches and offices (including 3 mobile branches), in addition to 11 Islamic branches and offices operated by QNBQNB Al Islami, and more than 160 ATMs.
QNBQNB was the first conventional bank in Qatar to offer Shari'a-compliant banking products and services through QNBQNB Al Islami, established in 2005.
QNBQNB's international presence is rapidly expanding to include new locations around the world to supplement the long established branches in London and Paris. Currently QNBQNB has presence in 22 countries including branches in Yemen, Oman Kuwait & Singapore as well as Representative Offices in Iran & Libya. An Islamic branch was recently inaugurated in Sudan, offering a full range of Islamic banking services and products.
QNBQNB has also extended its regional reach by acquiring shares in various financial institutions including 33.5% stake in the Jordan based, The Housing Bank for Trade and Finance (HBTF), 23.8% of the shares of Commercial Bank International (CBI) based in the United Arab Emirates (UAE), 50% of the Tunisian-Qatari bank and 20% stake in the Doha-based Al Jazeera Islamic Company. QNBQNB also retains 55% stake in QNBQNB-Syria, a private stock company established jointly with other Syrian private and public sector institutions which started operations mid November 2009.
"QNBQNB Capital" was established in 2008 providing an array of investment banking services to corporate, government and institutional clients within Qatar and globally. These include one of the best corporate finance teams in the GCC region offering extensive transaction experience, in depth advisory services - including mergers and acquisitions, equity, debt and project advisory - as well as first-class research capabilities.
QNBQNB is among the highest rated regional banks from leading credit rating agencies including Standard & Poor's, Moody's, Fitch, and Capital Intelligence. The Bank has also been the recipient of many awards from leading international specialized financial publications for its innovative products, services and remarkable performance.
QNBQNB has an active community support program and sponsors various social, educational, and sporting events
For further information, please contact
QNBQNB's Public Relations Department
Tel: (974) 4252477
Fax (974) 4252589
Email: PR@qnb.com.qa
QNBQNB's website www.qnb.com.qa
© Press Release 2010
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