QNB has again been named one of the “World’s 50 safest banks in the emerging markets” in the latest update published by Global Finance magazine.
QNB topped Qatar and was rated No 3 Arab bank in the Global Finance list.
This is an annual survey and the findings were based on both the evaluation of long-term credit ratings — provided by Moody’s, Standard & Poor’s and Fitch Ratings— and the total assets of the 500 largest banks worldwide.
QNB Group is amongst the highest rated of regional banks with credit ratings of Standard & Poor’s (A+), Moody’s (Aa3), Fitch (A+), and Capital Intelligence (AA-).
The bank has also been the recipient of many awards from leading international specialised financial publications
The group recorded net profit, for the nine months that ended in September, of QR7.1bn, up 14.1% compared to the same period last year. This was driven by operating income, including the share of results of associates, which increased to QR10.9bn, up 29% compared to September 2012. The results demonstrated QNB Group’s success in achieving strong growth across the range of revenue sources.
Total assets increased by 24.5% from September 2012 to QR437bn, the highest ever achieved by the group.
With the addition of a new subsidiary in India and a new office in China, the group’s presence through its subsidiaries and associate companies increased to some 26 countries worldwide.
The total number of employees is approximately 13,500 operating from more than 570 locations, with an ATM network in excess of 1,200.