Doha, 22 March 2011 - Qatar National Bank (QNB) in collaboration with Mannai Trading Co. announced a unique vehicle financing offer for new Cadillac Escalade and Cadillac Escalade ESV 2010 and 2011 models.

Customers pay only 50% today and nothing more until 2013. At the end of this 2 year interest-free grace period, customer has the option to repay the remaining 50% in easy installments over a 5-year period, or in one lump sum with no penalty. This offer can save customers nearly QR 14,000 in interest.    

The monthly payments following the grace period can be as low as QR2,800 per month.

In a statement, QNB said this campaign in partnership with Mannai is designed to make upgrading to a luxurious and powerful family vehicle very affordable. Existing Cadillac customers can upgrade to a 2010 or 2011 model, while others have a unique chance to experience the luxury of an Escalade at a very affordable payment.

The promotion which is valid until 15th April 2011, includes other benefits such as free 4 years / 100,000 km service and maintenance plan valued at nearly QR20,000, as well as free high grade Titanium window insulation valued at QR3,000. 

Customers with monthly income of QR25,000 and above are not required to transfer their salary to QNB.  However, a salary account is required for customers with monthly income between QR7,000 and QR25,000.  Customers can already get the key to their Escalades even before first salary credit.  All they need to do is bring a certificate of undertaking from employer on when salary transfer is expected.

More information about the promotion can be obtained through QNB branches and website.

-Ends-

About QNB
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 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.

QNB has the largest distribution network in Qatar, comprising 43 branches and offices in addition to 16 Islamic branches and offices operated by QNB Al Islami, and more than 175 ATMs.

QNB was the first conventional bank in Qatar to offer Shari'a-compliant banking products and services through QNB Al Islami, established in 2005.

QNB's international presence is rapidly expanding to include new locations around the world to supplement the long established branches in London and Paris.  Currently QNB has presence in 24 countries including branches in Yemen, Oman Kuwait & Singapore as well as Representative Offices in Iran & Libya and an Islamic branch in Sudan. 

QNB has also extended its regional reach by acquiring shares in various financial institutions in the MENA region as well as a 49% stake in QNB-Syria, a private stock company established jointly with other Syrian private and public sector institutions which started operations mid November 2009.

QNB 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.

QNB 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 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 2011