QNB launches new government contract financing product

Posted on : Sun, 10 Apr 2016

Doha, 10 April 2016 – QNB, a leading financial institution in the Middle East and Africa, has launched a new government contract financing product as the newest addition to its distinguished SME product line. 

The government contract financing product is available to all new and existing SME customers, and will offer them partial financing on government and semi-government contracts up to QAR 10 million based on a case-by-case basis, in a flexible way that satisfies clients’ needs and matches project requirements. 

The new product is another valuable addition to QNB’s outstanding SME product line, aimed at assisting this important sector and promoting its advancement and growth as a true driver of the Qatari economy and its development. 

As the largest financial institution in Qatar, QNB has always designed innovative and state-of-the-art solutions to support SMEs and their development in the country. The bank introduced bespoke products that meet and exceed the growing demands of SME customers, while giving them enhanced finance facilities that aligned and work in collaboration with the bank’s partners from both private sector and the government. 

With a dedicated team to help and support SME customers, QNB offers a fast turnaround for clients applying for facilities . The Group also exerts great efforts to always introduce new and innovative products, services, and solutions to nurture the growth of this important sector. 

Among QNB’s notable efforts in this field is its support of the first SME online portal (www.businesspulse.qa) in partnership with Qatar Development Bank and Thomson Reuters. This will further strengthen the “One Stop Shop” service concept being promoted across a diverse range of economic sectors. QNB is also the main supporter of QDB’s Al-Dhameen SME program. 

The bank also opened its newest SME Centre in Al Shoumoukh Towers as part of its steadfast commitment to supporting SMEs and as a distinguished addition to its corporate branches strategically placed across the country. The new SME Centre further increased QNB’s capacity to support all current and future business owners who are seeking access to finance in order to expand or start a business. 

QNB Group’s presence through its subsidiaries and associate companies extends to more than 27 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 15,200 operating through more than 635 locations, with an ATM network of more than 1,390 machines.