DOHA: Qatar National Bank (QNB) has bagged yet another award as the ‘Best Bank in Qatar’ by ‘Euromoney’ magazine, a press statement said yesterday.
The award was received during a ceremony for the winners of the Middle East categories that took place in Dubai.
Euromoney is one of the well respected industry experts on capital markets, investment, foreign exchange and treasury, with a deeper focus on a number of key regional markets. The magazine continues to report on and champion market growth as well as analysis on international cross border capital markets.
During the first quarter of 2013, QNB delivered results recording a net profit of QR2.1bn ($576m), which is up 6.7 percent compared to the same period last year. In addition, the Bank continues to demonstrate success through various business activities as well as the ability to achieve strong growth in profitability for the benefit of its shareholders.
Over the years, QNB has steadily grown to be the largest bank in the region and is by far the leading financial institution in the country where it has a market share exceeding 45 percent of the banking sector assets. It is currently ranked as the most valuable brand in the Mena region due to its continued international expansion which is supported by strong growth locally, regionally and internationally.
QNB is well positioned to capitalise on its exceptional start to 2013 as it continues to be the institution of choice for customers.
The Peninsula
