QNB hosts third annual auto dealers’ reception and dinner

Qatar National Bank (QNB) has held its third annual automobile dealer reception and gala dinner at Al Gassar Resort. The annual event reinforces QNB’s commitment to all automobile dealer partners in Qatar on being the partner of choice for vehicle financing and leasing. “Last year, QNB became the largest financial institution in Qatar and the Middle East and North Africa region. Now, QNB has achieved another milestone by being listed as the world’s strongest bank by Bloomberg Markets,” said Faraj Hamad al-Marri, acting AGM (domestic distribution and manned channels), who delivered the welcome speech at the event. “Let me say that being the strongest bank in the world doesn’t mean that we have achieved the best we can; on the contrary, the best is yet to come. With your continued support, together we will achieve the best of the best,” he added. The latest product introduced by QNB this year is the vehicle leasing programme called Motary. Through this, customers can lease the vehicle of their choice for a period of one year to four years with an option of keeping or returning the car at the end. There is a wide range of models available, including Toyota, Lexus, Mercedes Benz, Chevrolet, Cadillac, GMC, Subaru, Kia, Mitsubishi, Ford, Peugeot, Lincoln, Jeep, Dodge and Chrysler, with more to come. The market response to Motary has been positive and exceeded initial expectations. QNB’s successful partnership with the local car dealers is backed by the bank’s innovative financial solutions for its clients, particularly when it comes to vehicle financing. Besides offering competitive rates on vehicle financing, the bank has placed its entire suite of vehicle financing services under one roof to serve its customers faster and better at the vehicle finance centre in order to provide its customers with ease and speed in completing their transactions. The vehicle finance centre and the new promotions aim to maintain QNB’s leadership in vehicle financing, to be number one in vehicle financing innovation and the preferred partner of car dealers in Qatar.