QNB recently received four awards from New York-based financial publication Global Finance magazine, the bank said in a statement yesterday.
The bank said Global Finance magazine adjudged QNB as “One of the world’s top 50 safest commercial banks in 2014,” “Best bank in Qatar 2014,” “Best investment bank Qatar 2014,” and “One of the world’s best foreign exchange providers (Middle East) 2014.”
According to QNB, the awards reflect the “continued successful expansion strategy and breadth of offering being extended to QNB customers.”
“While all of the awards received were prestigious in nature and well-received by QNB, of particular significance was being recognised once again as ‘One of the world’s top 50 safest commercial banks in 2014,’” the bank said.
The awards were the result of an annual survey based on the evaluation of long-term credit ratings provided by Standard & Poors, Moody’s, Fitch Ratings, and the total assets of the 500 largest banks worldwide. QNB Group was among the highest-rated of regional banks with credit ratings of Standard & Poor’s (A plus), Moody’s (Aa3) and Fitch (A plus).
The Group also had a robust financial performance with net profits for a nine-month period ending September 30, 2014 recorded at QR8.0bn (up 12.6% on the previous year) and total assets of QR475bn (up 8.8%), the highest achieved by the Group.
QNB currently operates in some 26 countries and across three continents. It employs 14,000 employees in more than 600 office locations and has the largest distribution network in Qatar.
Global Finance Magazine was recognised as a reliable source of news and analysis of market insights around the world. Its target audience includes chairmen, presidents, CEOs, CFO’s, treasurers, and other senior financial officers responsible for making strategic decisions at multinational companies and financial institutions.
