Doha - Qatar: As part of its efforts to enhance its human capital advancement programs and ensure the overall development of its executive talent resource, Qatar National Bank (QNB) has concluded an intensive Executive Development Program (EDP) designed for its executive management.
The closed-doors sessions were held offsite at the Ritz-Carlton Doha from 21-25 February 2010, making it one of the most intensive executive leadership programs hosted by QNB Group. The training sessions were conducted by Duke Corporate Education (USA) which designed and developed the program tailored to QNB's requirements.
The program amplifies ongoing initiatives by QNB's Human Capital Department and included all members of QNB Group executive leadership team led by Group Chief Executive Officer Mr. Ali Shareef Al-Emadi, demonstrating the Bank's commitment to enhancing the career programs at the highest level.
By inviting Duke CE to Doha, QNB aimed to minimise disruption to the executives' work routines. The company is a leading executive education provider and the team that worked with QNB included session leaders with extensive experience both as members of blue-chip corporate leadership and as consultants.
The Executive Development Program covered wide-ranging managerial activities from leadership competencies to strategic positioning and visioning to help support the Bank's long-term strategic goals.
An integral aspect of the Executive Development Program is succession planning which covers operational risk management, understanding and aligning with the group's strategic plans and developing the core competencies of individuals, in addition to attracting and, more significantly, retaining Qatari talent in an ever changing and competitive marketplace.
QNB Group is the leading financial institution in the country and has an active Qatarization program, which in February 2010 stood at 53% of all employees, the highest in the banking sector. The Bank also has numerous staff development programs designed for its employees such as the induction program "Lighting the torch" and specialised training provided to staff at every level and functional area.
QNB's succession plans identifies employee diversity in interpersonal and operational skills, resulting in individual development plans, coaching and mentoring to ensure rewarding career development opportunities.
Regular training updates, in addition to being a major pillar of QNB's human capital strategy, are a significant risk management tool for integrated financial institutions such as QNB Group, which includes QNB, QNB Al Islami, QNB Capital and QNB Private, respectively, the retail, Islamic, investment and private banking divisions of the QNB Group which operate in Qatar as well as multiple international markets.
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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 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.
QNB has the largest distribution network in Qatar, comprising 44 branches and offices (including 3 mobile branches), in addition to 11 Islamic branches and offices operated by QNB Al Islami, and more than 160 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 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.
QNB 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. QNB also retains 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.
The Bank recently established a new investment company "QNB Capital" 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 for its innovative products, services and remarkable performance.
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) 4252477, Fax (974) 4252589, email: PR@qnb.com.qa or visit QNB's website www.qnb.com.qa
© Press Release 2010
