QNB Group receives two prestigious awards from Banker
- Qatar: Wednesday, December 05 - 2012 at 17:21
- PRESS RELEASE
QNB Group, the largest financial institution in the State of Qatar, and the MENA region, has been awarded the 'Bank of the Year - Qatar' as well as the 'Bank of the Year - Middle East' regional Award by one of the industry's most recognised and respected resources, The Banker.
This latest award for QNB tops off what has been a fantastic year for the Bank which has seen it awarded a slew of awards throughout the past 12 months as well as having enjoyed continued financial success.
As in previous years, the 2012 The Banker Awards will once again set the industry standard for banking excellence with these awards being among some of the most intensely contested by the world's leading financial institutions. Winners were judged on their ability to deliver shareholder returns and to gain strategic advantage.
This draws parallels to QNB's unwavering commitment to be the institution of choice for customers.
Thanks to this latest win, QNB will benefit from increased market visibility and enjoy this new position. Continuing on, the Bank is still deeply committed to continuously improving the way that it operates through innovative offerings and is always refining its services.
The Banker is one of the world's premier banking and finance resources, bringing it with a wealth of knowledge and experience. Further, The Banker is a key source of data and analysis for the Banking industry worldwide.
QNB Group recorded a net profit of QR6.2bn ($1.7bn) in the nine months ended 30 September 2012, up by 15.0% compared to the same period last year, demonstrating QNB Group's success across business activities and the ability to achieve strong growth in profitability for the benefit of shareholders. Total assets increased by 25.3% since 30 September 2011 to reach QR351.0bn, the highest ever achieved by the Group.
The Group has witnessed rapid international expansion in the past few years and operates in 24 countries around the world through its network, subsidiaries and associate companies employing about 8,500 staff, along with a network of 383 branches and offices and an ATM network that exceeds 780 machines.
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