Doha - QNB has launched its Ramadan Loans Festival featuring the lowest advertised full term interest rate in the country of 2.63% flat on vehicle loans, and 5.55% on personal loans. Unlike other advertised seemingly low rates, these rates are not for first year only; they apply to the full tenure of the loan, which means there are no unpleasant surprises later for the customer. The festival will last from July 28, 2011 through last day of Eid El Fitr.
This offer is available to all eligible customers with QNB salaried accounts, and those who wish to transfer their salaries to QNB in order to take advantage of this and the many other benefits exclusive to QNB customers.
QNB launched this campaign in recognition of the community's seasonal spending needs of customers and the understanding that customers are looking for the best finance solutions available.
In addition to the lowest rates available in Qatar, QNB is also offering customers participating in the Ramadan Loans Festival the opportunity to win five QNB Prepaid Credit Cards worth QR5,000 each, with the draw taking place on September 6, 2011.
As part of the campaign, and independent of any other promotions, customers may be eligible to take advantage of QNB's new Down Payment Assistance Program to help them manage the 20% down payment required when purchasing a car.
To enhance this offer, QNB is also offering customers 10% cash back on the total interest payable on all personal loans, and on vehicle loans from select dealers during the campaign period.
As an added bonus, QNB will also provide new car owners through this campaign with free high quality window tinting from an approved supplier, whilst vehicle dealers may also offer extended benefits to customers based on the vehicle purchased. These may range from extended service benefits to travel packages, based on the dealership.
For further details call the QNB Customer Care Center at 44407777 or visit www.qnb.com.qa
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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 has the largest distribution network in Qatar, comprising 44 branches and offices in addition to 16 Islamic branches and offices operated by QNB Al Islami, and more than 175 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 24 countries including branches in Yemen, Oman Kuwait & Singapore as well as Representative Offices in Iran & Libya and an Islamic branch in Sudan.
QNB has also extended its regional reach by acquiring shares in various financial institutions including 35% 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 50.8% stake in QNB-Syria, a private stock company established jointly with other Syrian private and public sector institutions which started operations mid November 2009.
QNB Capital was established in 2008, 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.
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) 44252477, Fax (+974) 44252589, email: PR@qnb.com.qa or visit QNB's website www.qnb.com.qa
© Press Release 2011
