QNB Group has announced that it obtained the regulatory approvals from Hong Kong Monetary Authority to open a branch in Hong Kong, one of the world’s global financial hubs.
The branch will provide a full range of banking products and services.
It will also offer its award-winning expertise in the areas of trading securities and wealth management, as well as other innovative banking solutions.
QNB Group acting CEO Abdulla Mubarak al-Khalifa said, “Receiving the approval to open a branch in such an important market is another vital step in QNB Group’s international expansion plans to support its growth strategy and market leadership in MEASEA, as well as establish a foothold in highly competitive markets.
“Growth in both Hong Kong and China is expected to continue, driven by trade opportunities, direct investments, and large infrastructure spending opportunities, and the Hong Kong branch offers the opportunity to leverage QNB’s in-depth expertise to capture investment and trade flows in this promising market.”
A significant volume of Hong Kong’s trade flows through countries where QNB Group is present.
