Doha: QNB was awarded ‘The Best Bank in the Middle East’ and ‘The Best Bank in Qatar’ awards by pre-eminent international finance magazine Euromoney. The awards were presented at the 2014 Euromoney Awards for Excellence Middle East held recently in Dubai.
‘The Best Bank in the Middle East’ award is of special significance, reflecting the continuing progress being made by the QNB Group across the Mena region. QNB has also been awarded ‘The Best Bank in Qatar Award’ by Euromoney and this marks the eleventh occasion that QNB has been given this accolade.
“Our rapid and sustained domestic and international growth is underpinned by robust financial performance and we are now operating across 26 countries and three Continents. Our focus remains to deliver enhanced shareholder returns through the delivery of sound and progressive strategic planning,” said Ali Ahmed Al-Kuwari, Acting Group Chief Executive Officer, QNB. “Recognition of our ongoing performance from an esteemed and respected publication of the standing of Euromoney helps continue this momentum and we are especially delighted to have received the prestigious “Best Bank in The Middle East” award,” he said.
“The regional strength of Qatar National Bank can no longer be ignored. It is by a distance the biggest house in the region on every metric: $2.6bn net profit in 2013, up 14 percent year on year; $125.9bn in assets at the end of the first quarter of 2014, $87.1 bn of loans and $94.9bn in deposits, each of them up over 20 percent year on year, and achieved with an NPL of just 1.6 percent,” said Clive Horwood, Editor of Euromoney.
The Peninsula
