QNB Note 1 is open to Qatari and expatriate investors for a fixed investment term of 2 years with an initial capital investment of QR20,000 and multiples of QR100 thereafter.
Capital protected notes are highly sought medium-term investments which protect 100% of investors' capital.
"QNB Note 1" is designed to suit investors looking to participate in stocks of Qatar Exchange with no risk to their initial capital.
Apart from the protection of capital, the quarterly return on the basket of select securities is averaged to reduce the impact of any large declines near maturity. Further the exposure to the select stocks is based on a systematic risk control mechanism, the aim of which will be to maintain the volatility of the basket at 20%.
With QNB Note 1, capital is 100% protected and therefore the funds will liquidate at par value on maturity even if the average return on select Qatar Exchange-listed stock is negative.
QNB Note 1 is issued by the QNB Group's private banking subsidiary QNB Banque Privée Suisse, incorporated in Geneva, Switzerland. QNB Banque Privée offers international expertise uniquely coupled with a local banking relationship through QNB Private in Qatar. From every day banking needs to investment and wealth management advice and solutions, QNB Private and QNB Banque Privée Suisse together offer a broad range of innovative banking services tailored to suit the lifestyles of its customers.
It is noteworthy that QNB Group managed funds, Al Watani Funds I & II and the Beit Al Mali Fund were named the best performing funds in Qatar by the Zawya Funds Monitor for the 12 months ending May 2009. The analysis placed QNB's Funds atop a list of 10 Qatar-focused funds managed by local and regional institutions.
QNB, the premier fund manager, constantly seeks product innovation by introducing new investment options targeting continuous superior performance based on its active and in-depth experience in the Qatari market.
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QNB launches "QNB Note 1"
- Qatar: Thursday, October 15 - 2009 at 09:27
- PRESS RELEASE
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QNB announced the launch of QNB Note 1, the first 100% Capital Protected Note in Qatar, linked to select listed securities of Qatar Exchange. The QNB Note 1 prospectus will be available at all QNB branches in Qatar and the subscription period will be for one month starting on October 15th 2009 and ending on November 15th 2009.
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Posted by Nadeen El AjouThursday, October 15 - 2009 at 09:27 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 (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
(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 (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
(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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