The new rates have been in effect since July 2009 and are part of the Bank's drive to provide customers with enhanced service options and a competitive fee structure in tune with market trends, especially growing customer demand for banking services that go the extra distance.
QNB was the first bank in Qatar to reduce its fees across many key areas, including the total elimination of penalty charges for account balances falling below the minimum threshold. Now all of the Bank's Current, Savings, Savings Plus and Call Account holders enjoy zero-balance accounts that provide them with the same benefits as before.
The Bank also slashed up to 50% of the annual fees on its Platinum, Gold and Silver credit cards, and reduced by 60% Foreign Money Transfer fees for transactions via EAZYLife, the Bank's suite of eBanking channels,
The Bank also reduced, by up to 50%, charges on various other services including safety deposit box rentals, as well as the tariffs on cheque books uncollected for up to one month, and personalized debit card replacements.
QNB also reduced its charges for counter cheques, standing order utility payment rejections due to insufficient funds and post-dated cheques.
In addition, QNB's many free services continue to be offered to all customers without any changes. These include utility payments through direct debit, standing orders, inward money transfers, issuance of standard cheque books, debit cards, withdrawals from QNB ATMs in Qatar, as well as all many telephonic and website transactions, including the Bank's instant SMS account activity updates.
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QNB completes the rollout of new, reduced charges
- Qatar: Wednesday, August 19 - 2009 at 09:37
- PRESS RELEASE
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Qatar National Bank (QNB) announced the complete rollout of its newly reduced fees, which apply to numerous products and services.
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Posted by Nadeen El AjouWednesday, August 19 - 2009 at 09:37 UAE local time (GMT+4)
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About QNB
Qatar National Bank (QNB), established in 1964 as the country's first Qatari-owned commercial bank, has an ownership structure split between the Qatar Investment Authority (50%) and the private sector (50%).
QNB has steadily grown to be among the largest banks in the region and is by far the leading financial institution in the country, with a market share approaching 40% of banking sector assets.
QNB offers a full range of Retail, Corporate, Investment, Treasury, Wealth Management, and Islamic Banking products and services for individuals, corporate institutions and government entities in Qatar as well as internationally.
QNB has the largest distribution network in Qatar, comprising 44 branches and offices in addition to 11 Islamic branches and offices operated by QNB Al Islami, and more than 156 ATMs.
QNB was the first conventional bank in Qatar to offer Shari'a compliant banking products and services through QNB Al Islami, established in 2005.
QNB's international presence is rapidly expanding to include new locations around the world to supplement the long established branches in London and Paris.
Currently QNB has presence in 22 countries including branches in Yemen, Oman Kuwait & Singapore as well as Representative Offices in Iran & Libya.
An Islamic branch was recently inaugurated in Sudan, offering a full range of Islamic banking services and products.
QNB has also extended its regional reach by acquiring shares in various financial institutions including 33.5% stake in the Jordan-based The Housing Bank for Trade and Finance (HBTF), 23.8% of the shares of Commercial Bank International (CBI) based in the United Arab Emirates (UAE), 50% of the Tunisian Qatari Bank and a 20% stake in the Doha-based Al Jazeera Islamic Company. QNB also signed an agreement to establish QNB Syria jointly with other Syrian private and public sectors institutions with a 49% stake for QNB.
The Bank recently established a new investment company "QNB Capital" providing an array of investment banking services to corporate, government and institutional clients within Qatar and globally.
These include one of the best corporate finance teams in the GCC region offering extensive transaction experience, in depth advisory services, including mergers and acquisitions, equity, debt and project advisory, as well as first-class research capabilities.
QNB has the highest credit rating among regional banks from leading rating agencies including Standard & Poor's, Moody's, Fitch, and Capital Intelligence.
The Bank has also been the recipient of many awards from leading international specialized financial publications for its innovative products, services and remarkable performance.
QNB has an active community support program and sponsors various social, educational, and sporting events.
For further information, please contact QNB's Public Relations Department at
Tel: (974) 4252477
Fax: (974) 4252589
Bachir Mallo
FP7 Doha
2008: MENA Most Awarded Agency
4th Floor, Pearl Tower
Al Sadd Street
P.O. Box 13645, Doha, Qatar
Tel: +974 4364385
Fax: +974 4364387
Qatar National Bank (QNB), established in 1964 as the country's first Qatari-owned commercial bank, has an ownership structure split between the Qatar Investment Authority (50%) and the private sector (50%).
QNB has steadily grown to be among the largest banks in the region and is by far the leading financial institution in the country, with a market share approaching 40% of banking sector assets.
QNB offers a full range of Retail, Corporate, Investment, Treasury, Wealth Management, and Islamic Banking products and services for individuals, corporate institutions and government entities in Qatar as well as internationally.
QNB has the largest distribution network in Qatar, comprising 44 branches and offices in addition to 11 Islamic branches and offices operated by QNB Al Islami, and more than 156 ATMs.
QNB was the first conventional bank in Qatar to offer Shari'a compliant banking products and services through QNB Al Islami, established in 2005.
QNB's international presence is rapidly expanding to include new locations around the world to supplement the long established branches in London and Paris.
Currently QNB has presence in 22 countries including branches in Yemen, Oman Kuwait & Singapore as well as Representative Offices in Iran & Libya.
An Islamic branch was recently inaugurated in Sudan, offering a full range of Islamic banking services and products.
QNB has also extended its regional reach by acquiring shares in various financial institutions including 33.5% stake in the Jordan-based The Housing Bank for Trade and Finance (HBTF), 23.8% of the shares of Commercial Bank International (CBI) based in the United Arab Emirates (UAE), 50% of the Tunisian Qatari Bank and a 20% stake in the Doha-based Al Jazeera Islamic Company. QNB also signed an agreement to establish QNB Syria jointly with other Syrian private and public sectors institutions with a 49% stake for QNB.
The Bank recently established a new investment company "QNB Capital" providing an array of investment banking services to corporate, government and institutional clients within Qatar and globally.
These include one of the best corporate finance teams in the GCC region offering extensive transaction experience, in depth advisory services, including mergers and acquisitions, equity, debt and project advisory, as well as first-class research capabilities.
QNB has the highest credit rating among regional banks from leading rating agencies including Standard & Poor's, Moody's, Fitch, and Capital Intelligence.
The Bank has also been the recipient of many awards from leading international specialized financial publications for its innovative products, services and remarkable performance.
QNB has an active community support program and sponsors various social, educational, and sporting events.
For further information, please contact QNB's Public Relations Department at
Tel: (974) 4252477
Fax: (974) 4252589
Bachir Mallo
FP7 Doha
2008: MENA Most Awarded Agency
4th Floor, Pearl Tower
Al Sadd Street
P.O. Box 13645, Doha, Qatar
Tel: +974 4364385
Fax: +974 4364387
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