Doha 7 June 2015- QNB, “One of the World’s Strongest Banks”, has been awarded ‘’The Best Bank in the Middle East” and “The Best Bank in Qatar” by the renowned international finance magazine Euromoney. The prestigious awards were presented at the Euromoney Awards for Excellence Middle East 2015 held recently in Dubai.
“The Best Bank in the Middle East” Award is of distinct significance, reflecting the ongoing progress being made by QNB Group across the MENA Region. QNB was also recognised for its domestic success with “The Best Bank in Qatar” award. This marks the twelfth occasion that QNB has been given this accolade by the international magazine.
The achievement is a notable milestone for the Group and continues the remarkable momentum delivered over recent years. The Group’s domestic and international growth is strengthened by robust financial performance. The Group recorded a net profit of QAR 2.7 billion (US$ 735 million) in the 3 months ended 31st March 2015. This represented an increase of 10.1% compared to the same period in 2014 and demonstrates QNB’s ability to generate strong revenue growth across a diverse range of business income streams. Total Assets increased by 9.4% to reach QAR 502 billion (US$ 137.8 billion), the highest ever achieved by the Group.
Euromoney is one of the most well esteemed industry experts on capital markets, investment, foreign exchange and treasury, with a deep focus on a number of key regional markets. The publication continues to report on and champion market growth as well as analysis on international cross border capital markets.
Since 1992 Euromoney, the world’s leading financial markets magazine, has recognised outstanding institutions in finance.
Such recognitions highlight the Group’s commitment to maintaining and further enhancing its position as a leading financial institution in the MENA region and One of the World’s Strongest Banks.
The Group now operates in more than 27 countries across 3 continents, with more than 14,500 employees operating through more than 615 locations.