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Doha, 4 December 2013 – QNB Group, the world’s strongest bank, has secured the prestigious ‘Bank of the Year- Middle East’ Regional Award from The Banker Magazine at their Annual Gala Awards Dinner held at The InterContinental Hotel in London.
 
The achievement marks another impressive year of growth and expansion for the QNB Group underpinned by a robust financial performance.
QNB Group recorded a net profit of QR7.1 billion (US$1.952 billion) in the nine months ended 30 September 2013, up by 14.1% compared to the same period in 2012, demonstrating QNB’s ability to generate strong revenue growth across a diverse range of business income streams. Total assets increased by 24.5% since 30 September 2012 to reach QR437 billion, the highest ever achieved by the Group.
 
The Banker- Best Bank in the ME
 
In addition, The Group has continued to implement its international expansion strategy of the past 5 years and now operates in 26 countries around the world through its network, subsidiaries and associate companies. It employs approximately 13,500 staff across a geographical footprint of 570 locations and has an ATM network that exceeds 1,200 machines.
 
As in previous years, the 2013 The Banker Awards set the industry standard for banking excellence. Competition amongst the world’s leading financial institutions was intense and judging criteria was based on a company’s ability to deliver enhanced shareholder returns through the delivery of sound and progressive strategic planning. QNB’s performance in providing a quality service to clients and customers, both in domestic and international markets, was singled out for special mention.
 
The Banker Magazine is a leading international publication with a wealth of financial knowledge and expertise. It is a key source of data and analysis for the Banking industry worldwide and its Annual Gala Awards Dinner is recognized as being one of the key events in the Financial Services Industry Calendar Year.
 

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