Qatar National Bank (QNB), the largest financial institution in Qatar and in the Gulf, has been the recipient of the Best Bank in Qatar Award by Euromoney.
A QNB representative receives the award in Dubai
This is the ninth time that QNB has been selected for this industry recognised award. The award ceremony took place in Dubai on June 6.
The award demonstrates that QNB has had consistent growth across activities, which was a major consideration for the award. In the first financial quarter of this year, QNB Group recorded a net profit of QR2bn which is up 17.4% compared to the same period last year.
The bank has consistently shown to be a very safe and secure bank, as was confirmed with QNB being named as one of the world’s 50 safest banks in 2012. This compounded with it being the institute of choice for customers, employees, investors and suppliers and also a dominant market player all work to ensure it remains the best bank.
QNB Group has one of the highest ratings in the MENA region. QNB’s rating from leading international rating agencies, including Standard & Poor’s, Capital Intelligence, Fitch and Moody’s, is the highest or on par with a small group of leading financial institutions in the region.
The Euromoney Awards for Excellence are among the most prestigious global awards for banking excellence. In addition to certified performance criteria, the judges utilise independent data available from BankScope, Bloomberg, Capital Intelligence, and Dealogic while choosing winners each year. The award is designed to review a wide range of qualitative and quantitative standards such as business volume, innovation, leadership, credit ratings, quality of assets and earnings, efficiency ratios and key performance indicators.