QNB, Qatar’s largest lender, yesterday launched “Business Banking,” a new programme that seeks to change the landscape of Qatar Inc, especially for start-ups as well as small and medium enterprises (SMEs).
Business Banking is an innovative platform studded with detailed business oriented solutions from QNB that will enable all current and future business owners to expand or start a business by granting them easy, convenient and quick access to finance for their small to medium businesses.
“SMEs have always been a significant ingredient in the progress story of today’s advanced economies and an effective tool to induce growth. The Qatar National Vision 2030 has recognised this fact and adopted the SMEs concept as one of its major pillars of development,” Abdulla M al-Khalifa, general manager (group corporate and institution banking), QNB told reporters in Doha yesterday.
QNB’s new service offers a comprehensive package of business solutions to meet the needs of all enterprises and businessmen, he said, adding under this programme, all commercial and industrial companies at various stages of development will find a helping hand to start up or expand their activities and to benefit from the ease of financing opportunities for all their business endeavours.
Business Banking will guide entrepreneurs through various options to extend assistance for expansion within any given sector. The bank’s relationship managers will ensure customers benefit the most from its wide range of services and expertise.
Business Banking is an innovative product that supports national economic development and comes in time to address the mandates of the Qatar National Vision 2030.
QNB has numerous funded and unfunded products that are specially tailored to meet every SME’s needs irrespective of the sector. The bank will bundle products together to offer a complete solution on a ‘one-stop-shop’ basis to meet any sectors’ requirements. To ensure that business stays always ahead of competition, QNB’s new programme has lined up a slew of products and business offerings that includes, but are not limited to, term and call deposits, term loans, equipment finance, trade services, vehicle loan, and IT support.
Targeting the construction and contracting businesses in a big way, QNB has partnered with leading equipment suppliers to offer access to the latest technology at a competitive financing cost.
“We will also ensure a quick turnaround time for loan application,” al-Khalifa said.
QNB has dedicated business and corporate branches conveniently located at major locations and industrial areas like Ain Khaled, Wakrah, Industrial City, Mesaieed Industrial City, Doha Industrial City as well as its head office.