Doha - Qatar Charity announced that Qatar National Bank (QNB) has donated 1,000 school bags to Qatar Charity for school children.
Qatar Charity, in turn, distributed these school bags containing stationery items to children to be used during the second half of the school year.
Qatar Charity expressed its gratitude to QNB for its continuous support which has led to the growth of the organization. It has also lead to the encouragement of social harmony in the Qatari Society. It has also helped in serving Qatari students from families that have benefited from Qatar Charity and QNB by providing them with the necessary support easing the burden on the shoulder of their parents.
Educational programs rank high among the activities of Qatar Charity since acquiring knowledge, according to Islam, is a duty for every Muslim. As a result Qatar Charity sponsors needy students so that they can complete their education. Close to a 1000 students benefit from Qatar Charity's programs and each student receives Q.R. 150 monthly.
The bank has provided generous assistance to a variety of local organizations that play an important role in elevating the physical, social and emotional well-being of individuals that face unique challenges, such as the Al Noor Institute, the Qatar Cancer Society, the Qatar Society for Orphans, the Qatar Society for Special Needs.
QNB also lays high emphasis on education. In its generous support of education in the country, the bank donated a new fund to The Learning Center School (TLC) in Qatar to support its scholarship program and devoted to instructional, diagnostic and therapeutic services for students with academic challenges.
Qatar Charity (Q.C) is a non-government organization which was established in 1980 by a group of Qatari trustworthy notables in order to develop the Qatari society and other needy societies. One of its leading objectives is to establish social justice amongst the neediest groups in partnership with leading organizations in Qatar
Community is one QNB's cornerstones values that drive its corporate social responsibility program. Many non profit organizations have benefited from QNB's CSR activities. QNB has extended its support to a wide range of charitable activities within Qatar and outside its borders as well.
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About Qatar National Bank (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 45% of banking sector assets. QNB has the largest distribution network of 42 branches and offices (including 3 mobile branches), in addition to 10 Islamic branches and offices, and 130 Automated Teller Machines (ATMs).
QNB international presence is rapidly expanding to include new locations in Oman, Kuwait and Mauritania supplementing existing branches in London and Paris and Yemen and Representative Offices in Libya, Singapore and Iran.
As part of the same expansion plan, QNB has acquired 30% of the shares of the Jordan based, The Housing Bank for Trade and Finance (HBTF) which operates in Palestine, Bahrain, Algeria, Syria, UAE, Libya and Iraq, in addition to Jordan. QNB also signed an agreement to establish the Qatar National Bank-Syria jointly with other Syrian private and public sectors institutions with 49% share.
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 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.
Through its affiliate, QNB Al Islami, QNB was the first commercial bank in Qatar to offer Islamic Banking products and services, and the first Qatari bank to launch equity funds (Al Watani Funds) for companies listed in the Doha Securities Market.
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 the "Best Bank in Qatar" Award from leading international specialized financial publications.
QNB has an active community support program and sponsors various social, educational, and sports events.
For more information, please contact:
QNB's Public Relations Department
Tel: (974) 4252591
Fax: (974) 4252589
Email: PR@qnb.com.qa
Website www.qnb.com.qa
© Press Release 2008
