Doha, 28 May 2012 - Qatar National Bank (QNB), the largest financial institution in the State of Qatar and in the Gulf, held its second annual auto dealer reception dinner for its leading car dealers and partners thanking them for their support during the past year.  The dinner was held at La Cigale Hotel, Doha on the 23rd of May.  

The Bank took this opportunity to thank all of its car dealers and partners, showing appreciation for what continues to be a "Partnership Journey of Success".   

An executive from the Bank gave a detailed presentation on the vehicle finance market and its development over the years.  Additionally, a preview of upcoming promotions was disclosed showing several finance options tailored specifically for the needs of the dealers while meeting the diverse requirements of different client segments.

QNB's successful partnership with the local car dealers is backed by the Bank's innovative financial solutions for its clients, particularly when it comes to vehicle financing.  Besides offering competitive rates on vehicle financing, the Bank has placed its entire suite of vehicle financing services under one roof to serve its customers faster and better at the Vehicle Finance Centre in order to give its customers an excellent level of ease and speed in completing their transactions.

The Vehicle Finance Centre and the new promotions aim to maintain QNB's leadership in vehicle financing, to be number one in vehicle financing innovation and to be the preferred partner of car dealers in Qatar.

QNB looks to continue building upon these already existing foundations and focusing on the future, as well as continuing to be a pioneer in new vehicle finance programs and banking.

About QNB Group
Qatar National Bank (QNB), 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%).

QNB Group has steadily grown to be among the largest banks in the Middle East and North Africa Region and is by far the leading financial institution in the country with a market share exceeding 45% of banking sector assets.

QNB Group has witnessed rapid international expansion in the past few years and operates in 24 countries around the world through its network, subsidiaries and associate companies employing about 7,000 staff from 334 branch and offices that are supported by an ATM network that exceeds 600 machines.

The Group has also extended its regional reach by acquiring stakes in various financial institutions including 35% stake in the Jordan-based, The Housing Bank for Trade and Finance (HBTF), 24% in Commercial Bank International (CBI) based in the United Arab Emirates (UAE), 50% of the Tunisian-Qatari Bank, 51% in the Iraqi-based Mansour Bank, 49% in the Libyan Bank of Commerce and Development and 20% stake in Al Jazeera Finance Company in Doha. QNB Group also retains 51% stake in QNB-Syria, a private stock company established jointly with other Syrian private and public sector institutions which started operations mid November 2009 and operates today more than 15 branches in the Syrian Republic.

QNB Capital, a subsidiary of QNB Group, 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. 

QNB Financial Services (QNB FS) commenced trading on the Qatar Exchange in May 2011 and is the first independently regulated, licensed brokerage unit launched by a bank in Qatar.  QNB FS brokerage offers a multi-market, multi-currency trading platform with access to several GCC markets including Qatar, UAE, and Oman.  It also provides a trading solution for buying and selling securities on the US and European markets.  QNB FS' technology platform is enhanced by its in-house research team who provide fundamental research and analysis, sector reviews, and daily commentary on QE listed equities.  Its advisory and brokerage teams are structured to service institutional investors, mutual funds, high-net worth individuals, retail and corporate clients locally, regionally, and globally. 

QNB Group 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.

QNB Group has an active community support program and sponsors various social, educational, and sporting events

For further information, please contact QNB's Public Relations Department at (+974) 44252477, Fax (+974) 44252589, email: PR@qnb.com.qa or visit QNB's website www.qnb.com.qa

© Press Release 2012