QNB Group gets ‘GTR Leader in Trade for Qatar’ award
QNB’s trade finance products are designed to meet the needs of local, as well as multinational corporations
QNB Group, the largest financial institution in the Middle East and Africa, has been named this year’s Leader in Trade for Qatar BY Global Trade Review (GTR) magazine.
QNB received the award based on the efficiency of its efforts to enhance the banking experience of its corporate customers, by launching a range of digital products and innovative services to enhance its market share in the Domestic Corporate, Commercial, and SME sector.
QNB’s trade finance products are designed to meet the needs of local, as well as multinational corporations, allowing customers to run their companies with greater efficiency.
The online Trade Portal platform offers a single window for customers seeking access to trade finance products, all in one place, enabling the facilitation and origination of transactions, simply and securely. Under the recent environment, impacted by the COVID-19 pandemic, QNB has successfully launched a campaign to provide online services to all corporate customers minimising the need for original paperwork or physical visits to branches.
Through the platform, customers can manage, download, and upload relevant documents electronically without the need for physical interaction.
This award also reflects QNB’s leadership in the Qatari banking market and its latest strong financial performance and successful strategy, as its total assets reached QAR964 billion, in addition to diversifying funding sources by issuing bonds in new regions and markets and expanding its international network.
The GTR Leaders in Trade awards and GTR Best Deals highlight and recognise excellence in the trade, commodity, supply chain, export finance, and Fintech markets. Each year GTR recognises the market’s pioneering institutions and top performers from around the world.
QNB Group’s presence through its subsidiaries and associate companies extends to more than 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 4,200 machines.