Doha, 27 September 2006 - Another award was added this week to QNB's list of excellence awards. The bank received the JPMorgan Chase 2005 Quality Recognition Award at QNB's Headquarters in Qatar.

The Bank won the award for consistent high quality performance and standards achieved by the Operations Management and staff in the area of International Funds Transfers.

Mr. Mohamed Al-Khulaifi, Assistant General Manager, Retail Operations received the award on behalf of QNB in the presence of Mr. Ali Ahmed Al-Kuwari, General Manager, Information Technology & Operations and members of the IT and Operations department.

JPMorgan Chase's Quality Recognition Award is presented annually to those clients of JPMorgan who achieve a 'best-in-class' level of operating excellence.  Less than 1% of the bank's funds transfer clients were able to meet the criteria to qualify for this award. 

Qatar National Bank is the first bank in Qatar to win the award for the 9th consecutive year and one of the few banks worldwide that has achieved a consistent level of operation excellence over so many years.

Presenting the award from JPMorgan Chase was Mr. Ali Moosa, Vice President & Treasury Services Area Manager for the MENA Region, Ms. Layla Al Kasir and Mr. Sherif Abdelsalam, Assistant Vice President.

Mr. Ali Moosa congratulated QNB on maintaining a consistently high level of error-free operations.  "It is our objective to recognize 'best-in-class' operations and acknowledge clients who have clearly maintained the highest standards in operations and a long term commitment to quality" he said. 

QNB thanked JPMorgan Chase for the award and considered it to be a great honor to be recognized for the high quality of its operations and performance excellence by a major international financial institution.

-Ends-

About Qatar National Bank (QNB)
QNB was established in 1964 as the country's first Qatari-owned commercial bank. The ownership structure is split between the Government of Qatar (50%) and the private sector (50%). QNB has grown to become the largest bank in Qatar controlling assets representing approximately 45% of the total banking system

QNB has the largest distribution network in the country with 37 local branches and more than 97 ATMs. QNB also enjoys regional and international presence thanks to its branches in London, Paris, and Yemen and its representative offices in Libya and Singapore.

QNB provides a full range of retail, investment, wealth management, and Islamic banking services and products for individuals, corporate institutions and government entities. QNB is constantly striving to provide intelligent banking solutions and its range of products, services, and delivery channels across all disciplines continues to be unrivalled.  QNB subsidiary, Ansbacher Holdings, was the first financial institution to be granted a license to operate in the Qatar Financial Centre and provides a wide range of wealth management services both regionally & internationally.

QNB has the highest credit rating among Qatari banks from leading rating agencies including Standard & Poor's, Moody's, Fitch, and Capital Intelligence and is rated among the top 10 regional banks.  The Bank has also been the recipient of the "Best Bank in Qatar" award from leading international specialized financial publications including: The Banker, Euromoney, Global Finance and Project Finance. 

Through its affiliate, Al Watani Al Islami, QNB was the first commercial bank in Qatar to offer Islamic Banking services and products, and the first Qatari bank to launch equity funds (Al Watani Funds) for companies listed in the Doha Securities Market. 

In addition to providing banking services, QNB is involved in several social, educational, and sports efforts.  QNB is the official bank of the 15th Asian Games Doha 2006.

Issued by QNB. For more information, please call
Ali Abdul Ghani,
Public Relations Manager
Tel: 440 7890,
Mobile: 5505729;
e-mail: ali.ghani@qnb.com.qa

© Press Release 2006