Qatar National Bank (QNB) awarded as Middle-East Bank of the Year …

The Qatar National Bank (QNB) Group has received the prestigious ‘Bank of the Year- Middle East’ Regional Award from The Banker Magazine at a ceremony in London.
The achievement marks another impressive year of growth and expansion for the QNB Group underpinned by a robust
financial performance.
The group recorded a net profit of QR7.1bn ($1.952bn) in the nine months ended September 30, up by 14.1% compared to the same period last year, demonstrating QNB’s ability to generate strong revenue growth across a diverse range of business income streams.
Total assets increased by 24.5% since September 30, 2012 to reach QR437bn, the highest ever achieved by the group.
In addition, the group has continued to implement its international expansion strategy and now operates in 26 countries around the world through its network, subsidiaries and associate companies.
It employs approximately 13,500 staff across a geographical footprint of 570 locations and has an ATM network of more than 1,200 machines.
As in previous years, the 2013 The Banker Awards set the industry standard for banking excellence.
Competition amongst the world’s leading financial institutions was intense and judging criterion was based on a company’s ability to deliver enhanced shareholder returns through the delivery of sound and progressive strategic planning.
QNB’s performance in providing a quality service to clients and customers, both in domestic and international markets, was singled out for special mention.
The Banker Magazine is a leading international publication with a wealth of financial knowledge and expertise.
It is a key source of data and analysis for the banking industry worldwide and its annual awards ceremony is recognised as being one of the key events in the financial services industry calendar year. Source: Gulf Times

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