QNB BANK

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2021-02-16 19:14:59
Company address
Location:
Oman, Muscat , Next to Central Bank of Oman CBD Area, Building No. 70, Way No. 30 P.O. Box: 4050, PC 112, Ruwi Sultanate of Oman
Service types
About company
Qatar National Bank (Q.P.S.C.) (QNB Group) was established in 1964 as the country’s first Qatari-owned commercial bank, with an ownership structure split between the Qatar Investment Authority (50%) and the remaining (50%) held by members of the public. QNB Group, established in 1964, has steadily grown to become the largest financial institution in the Middle East and Africa (MEA) region. For the year ended 31 December 2020, the Group’s Net Profit reached QAR12.0 billion (USD3.3 billion). QNB became the first banking institution to record total assets of QAR1.0 trillion (USD282 billion), for the first time in history of the region, representing an increase of 9% from last year. QNB’s disciplined approach towards execution of its long-term strategy enabled the Group to achieve the One Trillion Qatar Riyal Total Asset. In 2016, QNB Group completed the acquisition of 99.88% stake in Turkey’s Finansbank A.Ş. (now known as QNB Finansbank), the 5th largest privately owned universal bank. In 2013, the Group successfully completed the acquisition of the second largest private bank in Egypt, QNB ALAHLI (QNBAA) with existing ownership of 95.00%. The Group has also extended its regional footprint by acquiring stakes in various financial institutions including a 20% stake in Ecobank Transnational Incorporated (Ecobank), the leading pan-African bank based in Togo, a 39% stake in the Jordan-based, the Housing Bank for Trade and Finance (HBTF), 40% of Commercial Bank International (CBI) based in the United Arab Emirates (UAE), 99.99% of QNB Tunisia, 54% of the Iraqi-based Al-Mansour Investment Bank, and a 20% stake in the Al Jazeera Finance Company in Doha. QNB Group also retains a 51% stake in QNB-Syria, and a 92 % stake in QNB Indonesia. Network expansion comes in support of the vision to become a leading bank in the Middle East, Africa, and Southeast Asia, in addition to establishing a foothold in highly competitive markets. This includes most recently: Hong Kong Branch in 2019 (HKMA regulatory approval issued). The Group started operating in Vietnam in 2015 and Myanmar in 2016, along with opening new branches in KSA and India in 2017 and a second branch in Kuwait in 2018. QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 28,000 serving 20 million customers operating through 1,000 locations, with an ATM network of more than 4,300 machines. QNB Group has maintained its position as one of the highest rated regional banks from leading credit rating agencies including Standard & Poor’s (A), Moody’s (Aa3) and Fitch (A+). The Bank has also been the recipient of many awards from leading international specialised financial publications. The Group provides an array of investment banking services through its subsidiary, QNB Capital, to corporate, government and institutional clients within Qatar and globally. QNB Capital has one of the best corporate finance teams in the GCC region offering extensive transaction experience and in-depth advisory – including mergers and acquisitions, equity and debt capital markets, and project financing advisory. The Group also offers brokerage services through its subsidiary, QNB Financial Services (QNB FS), the first independently regulated, licensed brokerage company launched by a bank in Qatar. QNB FS offers a multi-market, multi-currency trading platform with access to several markets. Based on the Group’s consistent strong financial performance and its expanding international presence, QNB is currently ranked as the most valuable bank brand in the Middle East and Africa, according to Brand Finance Magazine. QNB Group has an active community support program and sponsors various social, educational and sporting events. Vision To become a leading bank in MEASEA . Mission To be the institution of choice for customers, employees, investors and suppliers To be the dominant market player To maintain the highest credit ratings To have strong brand recognition and high brand value To achieve sustainable profitable growth To enhance shareholder value Our Values Operational Excellence Improve customer experience by a factor of 10 times each and every year Integrity At all times and in any situation work with integrity, trust and honesty. Transparency Ensure all products, processes and interactions are transparent and fair Social Responsibility Contribute to and enhance the communities in which we operate Performance Driven Nurture a performance driven merit-based culture – “Excel in everything we do” Continuous Improvement Seek continuous improvement through innovation and the refinement of our offering and services Career Development Focus on merit, talent management, training and development Team Work Build and foster teamwork
QNB BANK