QIB opens its 27th branch

The Pak Banker - - Company& -

QATAR: Qatar Is­lamic Bank (QIB), the lead­ing Is­lamic in­sti­tu­tion in Qatar and owner of the largest Is­lamic bank­ing net­work in the world, has opened its 27th branch on Suhaim bin Ha­mad Street. This new­est ad­di­tion to QIB's ex­pand­ing net­work is part of the bank's strat­egy to en­hance its pres­ence at strate­gic lo­ca­tions through­out Doha. The open­ing of this lo­ca­tion is part of a plan striv­ing to reach 35 branches by 2012. The lead­ing fi­nan­cial in­sti­tu­tion is cur­rently de­vel­op­ing plans to in­au­gu­rate an­other branch in Al Nas­sirya area. "Qatar has en­tered a new era by win­ning the 2022 World Cup bid and the Qatari econ­omy is ex­pected to con­tinue to de­velop and grow pro­vid­ing an ap­pro­pri­ate en­vi­ron­ment for the bank­ing sec­tor. There­fore we should pur­sue this devel­op­ment by ex­pand­ing and of­fer­ing more ser­vices that meet our clients' re­quire­ments," added Me­shari.

As­sis­tant Gen­eral Man­ager re­tail bank­ing, Amer al Jabri said, "The open­ing of this lat­est branch aims to pro­vide com­pre­hen­sive ser­vices to all eco­nomic sec­tors and in­di­vid­u­als in the re­gion of Suhaim bin Ha­mad Street. The area has be­come an ac­tive eco­nomic hub that fea­tures ma­jor ser­vices like shop­ping malls, govern­ment of­fices, and hos­pi­tals. Ul­ti­mately, our in­sti­tu­tion will con­tinue to pro­vide spe­cial­ized ser­vices through­out Qatar." "The branch will en­hance QIB's pi­o­neer­ing role to pro­vide Is­lamic fi­nan­cial ser­vices to cus­tomers for dif­fer­ent sec­tors, es­pe­cially clients sub­scrib­ing to QIB and Al Jazeera Fi­nanc­ing which is 30% owned by QIB," added Al Jabri. It is worth men­tion­ing that QIB has un­der­gone ex­ten­sive mea­sures to mod­ern­ize and de­velop its branch net­work over the last few years, and it now stands as one of the lead­ing bank­ing net­works in Qatar sup­ported by an ATM net­work of 100 ma­chines that pro­vide ser­vices around the clock. - PB News

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