QNB launches Cash Deposit Card for Business Banking customers
- Qatar: Wednesday, December 30 - 2009 at 09:13
- PRESS RELEASE
Qatar National Bank (QNB) announced the launch of the new Cash Deposit Card for Business Banking customers, which provides them with the ability to deposit cash around the clock at over 45 QNB Cash Deposit ATMs located strategically across the country.
There are two kinds of cards, the first requires a PIN code to make cash deposits and enables access to account information, while the other only allows the depositing of cash without displaying any account information. Both cards provide a deposit slip after the deposit has been made and are free of charge. Deposits made using the Cash Deposit Card are free of charge as well.
QNB's Cash Deposit ATMs offer an alternative to making deposits at the teller's counter. This helps company representatives avoid long queues during peak banking hours, whilst also giving them the ability to securely deposit cash into bank accounts, instead of keeping cash at their premises overnight.
The QNB Business Banking department is dedicated to providing crucial banking support and advisory services to meet the needs of Business Banking customers in Qatar. QNB offers a range of products tailored to this segment of the economy. These include Overdrafts, Commercial Loans, Vehicle Loans, L/C's, L/G's and many others.
In addition, QNB's Business Banking customers also have access to the Bank's electronic banking services which allow for the easy transfer of funds via internet from the comfort of their offices or even whilst traveling abroad.
The Business Banking Department also has dedicated Account Relationship Officers available to help customers around the clock. Additionally, In order to better serve customers, QNB has recently launched a new corporate Branch on Salwa Road.
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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 started operations mid November 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
T: (974) 4252477
F: (974) 4252589
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Posted by Rana Mesbah



