QNB named Best Local Trade Finance Bank in Qatar 2015

Press release

Published March 14th, 2016 - 10:57 GMT

QNB

QNB, a leading financial institution in the Middle East and Africa, has recently been distinguished as the “Best Local Trade Finance Bank in Qatar” by Global Trade Review as part of its GTR Mena Leaders in Trade 2015.

QNB was named the best trade finance bank in Qatar based mainly on input from corporate customers, affirming the quality of services delivered by the Bank to this important category of its client base.

QNB’s trade finance services support public and private sector institutions, multinational corporations, companies, traders and service providers that regularly conduct business within Qatar and the region.

QNB has recently received a number of awards in recognition of its superior quality of services and products, including the Best Trade Finance Provider in Qatar 2016 by Global Finance Magazine.

The Bank is always committed to providing outstanding banking services to all its clients in Qatar and abroad across its international network by constantly introducing new and innovative products and services specially tailored to serve them and fulfill their requirements in all banking categories.

Global Trade Review is a leading news source, publisher and event organizer for the global trade, commodity, export and supply chain finance industries, with offices in London, Hong Kong and Singapore.

QNB Group’s presence through its subsidiaries and associate companies extends to more than 27 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 15,200 operating through more than 635 locations, with an ATM network of more than 1,390 machines.

Background Information

Qatar National Bank

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.