QNB, “One of the World’s Strongest Banks”, has recently received an impressive total of 4 awards and recognitions from the leading financial publication Global Finance Magazine headquartered in New York, including: “One of The World’s Top 50 Safest Commercial Banks in 2014”, “Best Bank in Qatar 2014”, “Best Investment Bank Qatar 2014” and “One of The World’s Best Foreign Exchange Providers (Middle East) 2014”.
The awards reflect the continued successful expansion strategy and breadth of offering being extended to QNB customers. Whilst all of the awards received were prestigious in nature and well received by QNB, of particular significance was the recognition of once again being considered “One of the World’s Top 50 Safest Commercial Banks in 2014”. This is an annual survey and the findings are based around both the evaluation of long-term credit ratings provided by Standard & Poors, Moody’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 plus), Moody’s (Aa3) and Fitch (A plus). The Group also has a robust financial performance with net profits, for the 9 months period ended 30th September 2014, recorded at QAR 8.0 billion (up 12.6% on the previous year) and Total Assets of QAR 475 billion (up 8.8%), the highest ever achieved by the Group. QNB currently operates in more than 26 countries and across 3 continents. It employs approximately 14,000 employees in over 600 office locations and has the largest distribution network in Qatar.
Global Finance Magazine is a leading International publication recognized as a reliable source of news and analysis of market insights around the world. Its target audience includes Chairmen, Presidents, CEO’s, CFO’s, treasurers and other senior financial officers responsible for making strategic decisions at multinational companies and financial institutions.