Doha, 12 October 2008 - Qatar National Bank (QNB) announced the launch of a new promotion on its NRI Remittances for Indian citizens residing in Qatar.

Customers using the Bank's EAZYinternet e-banking channel to transfer funds in Indian Rupees to their HDFC Bank accounts have the opportunity to win 100,000 Qmiles.

Each month, two lucky winners will win 100,000 Qmiles each - the reward miles awarded to Qatar Airways frequent flyers - with a total of 6 winners being chosen before the end of the promotion on 31 December 2008. Winners may exchange their Qmiles for airline tickets or upgrades to their existing flights.

To qualify for the monthly draws, customers must utilize the QNB NRI Remittance Service available on their EAZYinternet accounts, which is part of the EAZYLife suite of eBanking channels, created to provide QNB customers with greater transaction ease, 24-hour functionality, and global access.   

In recognition of the fact that NRIs are increasingly in need of faster and more efficient cash remittance services, QNB has launched the promotion to help promote the ease, security and speed of using online banking channels to make monthly remittances.

Remittances sent either to a customer's own account or a third party qualify for the draw, provided they are transferred through QNB's EAZYinternet under the QNB NRI Remittance service. The remittance is priced at a nominal fee of only QR5 and credit is received by the beneficiary in one working day.

QNB customers already utilizing EAZYinternet services are advised to register their beneficiary details by clicking on the "Add Beneficiary" icon once they log into their accounts to avail of the services.

The QNB NRI service is designed to offer Indian expats in Qatar and their families back home a range of products and services covering various aspects of their financial needs.

-Ends-

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 41 branches and offices (including 3 mobile branches), in addition to 11 Islamic branches and offices, and more than 145 Automated Teller Machines (ATMs).

QNB's international presence is rapidly expanding to include new locations around the world to supplement existing branches in London and Paris and the Representative Office in Iran. In 2007, QNB opened new branches in Yemen, Oman & Kuwait and a Representative Office in Libya. The Bank's Representative Office in Singapore received a new wholesale banking licence making it a full fledged Branch of QNB. Recently, QNB also obtained licenses to operate in Sudan and Mauritania.

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 will 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
(974) 4252591,
Fax (974) 4252589,
email: PR@qnb.com.qa or visit
QNB's website www.qnb.com.qa

© Press Release 2008