The euro area is now on track to outperform the US during the second half of the year, although a second wave of Covid-19 remains a risk, QNB has said in an economic commentary.
QNB Group, the largest financial institution in the Middle East and Africa (MEA), has maintained the first position in the MEA region on The Banker magazine’s ‘Top 1000 World Banks’ list released recently.
QNB Group is the first bank in Sudan to have successfully performed an international payment card transaction, in partnership with Mastercard, using a Mastercard virtual prepaid card product.
Capital Intelligence (CI), an international rating agency, has affirmed the long-term foreign currency rating (LT FCR) and short-term foreign currency rating (ST FCR) of QNB at ‘AA-’ and ‘A1+’, respectively.
QNB Group, the largest financial institution in the Middle East and Africa, has become the first foreign bank to provide Visa payment solutions in Sudan.
QNB Group has received strong interests from investors globally for its $1bn seven-year bond issue under its Euro Medium Term Note (EMTN) programme.
The current ‘Goldilocks scenario’ for the global economy will continue for longer, QNB has said in an economic commentary.
QNB, the largest financial institution in the Middle East and Africa (MEA) region, has reported a 4% year-on-year increase in net profit to QR14.4bn for the year ended 2019 ...
Driven by “easier” monetary policy around the world, in particular the Fed’s dovish pivot to cutting interest rates, a “modest acceleration” of global GDP growth to around 3.4% is expected in 2020