Doha - Qatar National Bank (QNB) announced today the opening of its new office at Al Sharq Village Hotel, on Ras Abu Abboud Street.
Mr. Ali Shareef Al Emadi, QNB's Chief Executive said: "The opening of an office at Al Sharq Village Hotel falls in line with the bank's strategy to expand its local and international network. This special location, which combines the traditional oriental architecture and the modern hotel services, allows the hotel' and QNB's customers to avail of services and facilities that will meet their banking needs."
The new office will provide modern retail products and services that will meet customer's expectations and fit their lifestyle. These services include applications for new accounts, cash withdrawal, deposits, money transfer, currency exchange and ATM facilities, using the state-of-the-art- Information Technology services.
The new office joins, QNB's network in the country, in addition to its branches in Paris and London, its new representative offices operating in Libya and Singapore as well as the future branches that the bank intends to open during the upcoming months in Kuwait, Oman and Yemen. The network also includes The QNB Al Islami branches that provide Islamic banking services in the country.
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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 the Government of Qatar (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 39 branches and offices, in addition to 7 Islamic branches, and more than 120 ATM's.
QNB international presence is rapidly expanding with new locations in Oman, Kuwait and Yemen, supplementing existing branches in London and Paris and Representative Offices in Libya, Singapore and Iran.
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 Qatari 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 further information, please contact:
QNB's Public Relations Department
Tel: (974) 4252591 - 4252592
E-mail: PR@qnb.com.qa
QNB's website: www.qnb.com.qa
© Press Release 2007
