Qatar National Bank (QNB), announced today the official opening of its new branch in Khraityat.
With this opening, QNB's branch network now increases QNB's local network to 43 branches and offices including 3 mobile branches,, in addition to QNB Al Islami which has 12 branches in Qatar. This is supported by a network of more than 162 ATMs.
The new branch will provide a full range of products and services, including Account Opening 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 their utility bills.
This expansion to QNB's network is part of the Bank's strategic objective to constantly develop its service network to ensure customers have easy access to its growing portfolio of innovative products and services.
In parallel to its national expansion, QNB's presence has in recent years extended far beyond Qatar's borders. Concurrent growth in economic ties and development of foreign trade has led the Bank to pursue international growth through various acquisitions and establishment of representative offices and branches in 23 countries.
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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 12 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 23 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 34.3% 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.
"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 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
Tel: (974) 4252477
Fax (974) 4252589,
email: PR@qnb.com.qa
QNB's website www.qnb.com.qa
© Press Release 2010
