QNB Group re­ceives ‘Bank of the Year 2019’ awards from

Gulf Times - Gulf Times Business - - FRONT PAGE -

QNB Group has re­ceived the “Bank of the Year in Qatar”, “Bank of the Year in the Mid­dle East,” and “Bank of the Year in Egypt” awards dur­ing the Banker mag­a­zine’s 2019 awards cer­e­mony held re­cently in Lon­don.

With the new ti­tles con­firm­ing its lead­er­ship in both Qatar and the re­gion, QNB Group has set the bench­mark for ex­cel­lence in bank­ing ser­vices and prod­ucts, strong man­age­ment, sound busi­ness model and strat­egy of the group.

QNB Alahli, the group’s sub­sidiary in Egypt, re­ceived the award in recog­ni­tion of its strong fi­nan­cials and the wide range of ini­tia­tives it un­der­took over the year.

The Banker’s as­sess­ment was a tes­ta­ment that QNB has ex­celled in a num­ber of ar­eas, in­clud­ing cor­po­rate gov­er­nance, sus­tain­abil­ity, and in­no­va­tion, in ad­di­tion to the sig­nif­i­cant roles the bank plays in the bank­ing in­dus­try’s growth. Fur­ther­more, the group’s lat­est fi­nan­cial results showed a re­mark­able growth, with its net profit in­creas­ing to $3.1bn and the to­tal as­sets reach­ing $250bn. Also, QNB re­mains the high­est-rated bank in Qatar and one of the high­est-rated banks in the world with rat­ings of Aa3 from Moody’s, A from S&P, and A+ from Fitch.

QNB Group’s pres­ence through its sub­sidiaries and as­so­ciate com­pa­nies ex­tends to 31 coun­tries across three con­ti­nents, pro­vid­ing a com­pre­hen­sive range of ad­vanced prod­ucts and ser­vices. The to­tal num­ber of em­ploy­ees is more than 29,000 op­er­at­ing through 1,100 lo­ca­tions, with an ATM network of more than 4,300.

The Banker mag­a­zine’s awards to QNB con­firm its lead­er­ship in both Qatar and the re­gion

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