• HSBC

QNB launches 'QNB 2 Jordan'

Qatar National Bank (QNB), in partnership with the Jordan-based Housing Bank for Trade and Finance (HBTF), announced the launch of "QNB 2 Jordan", a suite of services offering one-stop financial solutions to customers in Qatar as well as Jordan.

The QNB 2 Jordan service offers a host of benefits to QNB customers including easy one-click electronic money transfers to HBTF accounts at attractive rates, with beneficiary accounts being credited within 24-hours of remittance. This service is available via QNB's EAZYinternet e-banking channel only.

QNB 2 Jordan services are launched in recognition of the growing number of Jordanian expatriates in Qatar who require a simpler and more effortless banking experience, including remittances to their families in Jordan, while being able to manage their investments and savings both in Jordan and Qatar from a single window right here in Qatar.

As part of this suite of services, customers will receive a QNB account and the option of opening an HBTF account as well. This provides QNB-HBTF Dual Account holders the benefit of not only availing loans, mortgages and other banking services from HBTF via QNB but also quick remittances round the clock through QNB's award-winning e-banking platform, EAZYLife.

Together, the two banks offer and enviable array of services and the exclusive partnership brings together two of the largest banking groups in their respective countries. This provides customers with access to world-class banking services around the clock, with the added convenience of a one-stop solution for their banking needs.

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 (including 3 mobile branches), in addition to 11 Islamic branches and offices, and more than 160 Automated Teller Machines (ATMs).

HBTF meanwhile is the largest retail bank in Jordan and has the largest ATM and branch network in the Hashemite Kingdom. Furthermore, QNB holds a 33.5% stake of HBTF's capital, therefore offering Jordanian expatriate customers a strong and long-term international banking solution, which extends seamlessly from Qatar to Jordan.
QNB main building.
QNB main building.
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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 (including 3 mobile branches), in addition to 11 Islamic branches and offices operated by QNB Al Islami, and more than 160 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 20% stake in the Doha-based Al Jazeera Islamic Company. QNB also retains 49% stake in QNB-Syria, a private stock company established jointly with other Syrian private and public sector institutions which will start its operations at the end of this year.

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 is among the highest rated regional banks from leading credit 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
Tel: +(974) 4252477
Fax: +(974) 4252589

Bachir Mallo
FP7 Doha
P.O. Box 13645, Doha, Qatar
Tel: +(974) 4364385
Fax: +(974) 4364387

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