Move aims to meet the demands of the five-day working week observed by a majority of the Bank's customers.
Doha - Qatar National Bank (QNB) announced extended working hours for strategically located branches to serve customers better across Qatar.
The branches that will observe the new timings are: Al Wakra, Al Rayan, C-Ring Road and Al Khor branches of QNB, as well as the QNB Al Islami Corporate Branch on C-Ring Road. These branches will now function from 7.30 A.M. to 1.00 P.M. and from 5.30 P.M. to 8.00 P.M., Sunday through to Thursday.
QNB has initiated the new branch working hours to fulfill the demands of the five-day working week followed by a majority of its customers who often find it more convenient and essential to carry out their personal and business transactions in the evenings.
QNB's branches provide a full range of banking products and services including Account services, Currency Exchange, Fixed Deposits, eCash Cards, Debit Cards and Credit Cards, as well as Personal, Vehicle, and Mortgage Loans. Customers may also transfer money and pay bills.
A wide range of corporate banking services are also available such as corporate loans, project and trade finance, among other services.
QNB Al Islami provides a similarly diverse array of products and services, including innovative and class-leading products.
QNB has the largest distribution network in the country with 42 branches and over 154 ATMs located across Qatar.
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About QNB
Qatar National Bank (QNB) was established in 1964 as the country's first Qatari-owned commercial bank, with an ownership structure split between 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 of 42 branches and offices (including 3 mobile branches), in addition to 11 Islamic branches and offices, and more than 154 Automated Teller Machines (ATMs).
Office in Singapore received a new wholesale banking license making it a full fledged Branch of QNB. QNB recently inaugurated its Islamic branch in Sudan, offering a full range of Islamic banking services and products.
As part of the same expansion plan, QNB has acquired 33.2% of the shares of the Jordan based, The Housing Bank for Trade and Finance (HBTF) which also operates in Palestine, Bahrain, Algeria, Syria, UAE, Libya and Iraq. QNB also signed an agreement to establish the Qatar National Bank-Syria jointly with other Syrian private and public sectors institutions with a 49% stake for QNB. The Bank also acquired 23.8% of the shares of Commercial Bank International (CBI) based in the United Arab Emirates (UAE), thus making its first entry into the UAE financial market.
In 2008, QNB entered the Tunisian market through acquiring 50% of the Tunisian-Qatari bank. QNB has also taken a 30% stake in "The Kuwaiti-Qatari Company for Ijara and Investment, which will offer Islamic financing services within the Gulf Cooperation Council countries and has acquired a 20% stake in the Doha-based Al Jazeera Islamic Company. The bank recently received approval from Qatar Financial Center to establish a new investment company; QNB Capital, which be providing investment banking services.
QNB offers a full range of retail, corporate, investment, treasury, wealth management, and Islamic banking products and services for individuals, corporate institutions and government entities. QNB is constantly striving to provide intelligent banking solutions and its range of products and services, and delivery channels across all disciplines continues to be unrivalled.
QNB was the first conventional bank in Qatar to offer Islamic Banking products and services through QNB Al Islami and the first Qatari bank to launch equity funds for companies listed in the Doha Securities Market.
The London-based Ansbacher, QNB's Wealth Management and Private Banking subsidiary, operates in Switzerland, Channel Islands, the Bahamas, Dubai International Financial Center and Qatar Financial Center. Ansbacher was the first financial institution to be granted a license to operate at Qatar Financial Centre providing a wide range of wealth management services in Qatar and the region.
QNB has the highest credit rating among regional banks from leading rating agencies including Standard & Poor's, Moody's, Fitch, and Capital Intelligence. The Bank has also been the recipient of many awards for its innovative products, services and remarkable performance from leading international specialized financial publications.
QNB has an active community support program and sponsors various social, educational, and sports events.
For further information, please contact
QNB's Public Relations Department
Tel: (974) 4252591
Fax (974) 4252589
Email: PR@qnb.com.qa
QNB's website www.qnb.com.qa
© Press Release 2009