Qatar  | عربي

Doha, 26 March 2018 – QNB Group, the largest financial institution in the Middle East and Africa, has announced the opening of its second branch in Kuwait’s Avenues Mall.

QNB Group is the first non-Kuwaiti financial institution to obtain approval from the regulatory authorities in Kuwait to open a second branch.

QNB’s first branch in Kuwait, opened in 2007, has been offering a full spectrum of banking products and services, including personal banking products, property, trade, and supply chain finance. The branch also provides QNB First's premium banking services, along with a range of other innovative products and services designed to suit the requirements of the Kuwaiti market.

QNB Group sees potential to expand and grow in Kuwait and contribute to the development of the financial market in the country. The Kuwaiti economy is backed by tremendous oil wealth and financial reserves, as it has the world’s largest oil reserves per capita, enabling the government to embark on large investment projects to diversify the economy.

Based on the Group’s consistent strong financial performance and its expanding international presence, QNB is currently ranked as the most valuable banking brand in the Middle East and Africa, according to Brand Finance magazine. The Bank has also been the recipient of many awards from leading international specialized financial publications.

The 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 exceeds 28,200 operating through more than 1,230 locations, with an ATM network of over 4,300 machines.

 


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