IBQ speaks to Spanish Business Council in Qatar: IBQ is strongly positioned to support businesses in Doha

IBQ spoke yesterday to an elite group of Spanish businessmen sharing key insights on Qatar’s banking sector and discussing business and industry opportunities for the future in a session organized together with the Spanish Business Council in Qatar. IBQ’s senior representatives addressed leading Spanish companies highlighting Qatar’s unmatched economic fundamentals and economic cornerstones at an event which took place on the 14th of March 2012 at Grand Heritage Hotel in Doha. 

Dany Khalil, Senior Relationship Manager for Corporate Banking at IBQ said during his presentation: “IBQ is very well-positioned to support international companies with business in the country and to provide them with necessary market advice.” 

Qatar and Spain’s economic relations have increased at a very fast pace in the last few years. More than 1,200 companies sell their products and services through their local partners every year in Qatar. A large number of Spanish companies are present in the country through their representative offices. 

Khalil noted that Qatar maintains its position as the country with the highest GDP per capita in the region adding that the country’s fast economic growth is certainly expected to attract new businesses from Spain and other European countries. 

Marcos Gutierrez, Chairman of the Spanish Business Counsel said: "We'd like to thank IBQ for their continued support extended to Spanish Business Council and the Spanish companies in Qatar. Their presentation today was extremely valuable and it helped shed the light on key opportunities available in the market in addition to sharing advice on best banking practices. IBQ has always been at the forefront of financial institutions which have provided Spanish companies in Doha with superb tailor-made banking solutions and we are happy to have IBQ as one of our preferred partners for business." 

IBQ has recently announced its financial results for year ending 31 December 2011 recording the 2nd highest increase in profits in Qatar amongst all Qatari banks and a impressive 25% increase in net profits for 2011. 

IBQ is one of the leading financial institutions in Qatar and it has been recognized in the industry by winning multiple awards over the past four years. IBQ recently won the UK’s Euromoney “Best Private Banking Services in Qatar” for 2012, and the  Arabian Business ‘Best Private Bank in Qatar 2011 Award’ and the Banker Middle East’s “Best Customer service Awards” for 2008, 2009, 2010 and 2011. The Banker (UK) recognized IBQ as the ‘Fastest Moving Bank in the Middle East’ in 2009.”