Doha, 03 December 2018 – QNB Group, the largest financial institution in the Middle East and Africa, was recognized as the Bank of the Year 2018 for Qatar and the Middle East by the Banker during the annual awards ceremony held in London recently and brought together top banking senior executives from the international banking and financial industry.
Regarded as the industry standard for banking excellence, The Banker’s Bank of the Year awards salute the top global banks based on their performance and ability to deliver returns, gain strategic advantage and serve their markets.
Receiving two of the most prestigious awards in the banking industry is a testament to the Group’s commitment to maintain sustained levels of growth and strong financial performance over the past 12 months while expanding its operations and opening new branches.
It also confirms the Bank’s high credit quality, strong financial position and solid liquidity and solvency levels, reflected in the total asset growth and driven by its US $4.2bn worth brand value as it enjoys the highest credit rating in the region.
This prestigious award is a testament to the Group’s success in strengthening its leadership in Qatar and the Middle East, and reflects the high management efficiency and success of the business model and overall strategy of the Group.
This year, QNB has enhanced the banking experience of its retail and corporate customers by launching a range of digital products and innovative services and expanding its growing international network by opening two new branches in Oman and Kuwait in support of its vision to become a leading bank in the Middle East, Africa, and Southeast Asia by 2020.
Owned by The Financial Times, The Banker is the world’s premier banking and finance resource, read in over 180 countries and is the key source of data and analysis for the industry. It combines in-depth regional and country coverage with reports on global financial markets, regulation and policy, cash management and securities services, commodities and carbon finance, infrastructure and project finance, trading and technology, clearing and settlement, and management and governance issues.
QNB Group has maintained its position as one of the highest rated regional banks from leading credit rating agencies including Standard & Poor’s (A), Moody’s (Aa3), Fitch (A+), and Capital Intelligence (AA). The Bank has also been the recipient of many awards from leading international specialised financial publications.
The Group’s presence through its subsidiaries and associate companies now extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is around 29,000 operating through more than 1,200 locations, with an ATM network of more than 4,300 machines.