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QIB Group CEO Bassel Gamal said the bank is sponsoring the conference as part of its vision to contribute to the rising status of Qatar as a financial hub |
Qatar Islamic Bank (QIB) will be co-sponsoring the Euromoney Qatar Conference 2014 to be held on November 24 and 25 at the Ritz-Carlton Hotel in Doha.
The conference is being held under the patronage of HE the Prime Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani and will be attended by HE the Minister of Finance Ali Shareef al-Emadi and HE the Governor of the Qatar central bank Sheikh Abdullah bin Saud al-Thani.
The 2014 Conference, entitled “Global Finance Re-launched,” will bring together some of the world’s leading players and thinkers in finance with a cross section of Qatar’s financiers and policymakers.
The event will look at some of the critical issues facing the global economy and the key steps that banks will need to take to stay competitive.
To give a global viewpoint, special sessions will be held featuring Rodrigo de Rato, former managing director of the International Monetary Fund; Senator Philip Ozouf, assistant chief minister, State of Jersey; Denis Beau, director general of operations, Banque de France; and Sarkis Yoghourtdjian, assistant director of Banking Supervision and Regulation, Board of Governors of the US Federal Reserve System.
QIB Group CEO Bassel Gamal said the bank is sponsoring the conference as part of its vision to contribute to the rising status of Qatar as a financial hub.
“The first two editions of the conference have already reinforced Doha’s status as a stable, sustainable, and responsible global financial city and we have no doubt that this third edition will provide yet more stimulating thoughts and innovative development strategies that will benefit not just Qatar but the entire region as a whole,” he said.
QIB chief financial officer Gourang Hemani will be participating in one of the panel sessions entitled “Financial Sector Realignment and Response,” which will be looking at the balance between public investment and private financing, debt capital markets, whether banks have the capital, skills and risk management structures necessary for their intended role, and whether Qatar can build and implement Basel III.
QIB’s net profit reached QR1.13bn for nine months ending September 30, 2014 representing a 16% growth compared to the same period last year.
Total assets now stand at QR93.3bn having increased 29% compared to September 2013 .Financing activities, which remain the key growth driver have reached QR59bn having grown 35% compared to September 2013.
Customer deposits have moved up to QR64bn registering a 41% growth compared to September 2013. Total shareholders’ equity of the bank reached QR12bn, an increase of 4% compared to September 2013.
