QNB Group receives prestigious ‘’Bank of the Year 2019 ‘’ awards from the Banker magazine

Posted on : Mon, 02 Dec 2019

Doha, 2 December 2019 –QNB Group, the largest financial institution in the Middle East and Africa, made a significant achievement with the reception of ‘’Bank of the Year in Qatar‘’, ‘’Bank of the Year in the Middle East’’, and  ‘’Bank of the Year in Egypt” awards, during the Banker magazine’s 2019 awards ceremony held recently in London. 

With the new titles confirming its leadership in both Qatar and the region, QNB Group have set the benchmark for excellence in banking services and products, the strong management, sound business model and strategy of the Group.

QNB ALAHLI, the Group’s subsidiary in Egypt, received the award in a recognition of its strong financials, and the wide range of initiatives that the bank undertook over the year.  

The Banker magazine’s assessment was a testament that QNB have excelled in a number of areas, including corporate governance, sustainability and innovation, in addition to the significant roles the bank plays in the banking industry’s growth.

Furthermore, the Group’s latest financial results showed a remarkable growth, with its net profit increasing to USD3.1 billion and the total assets reaching USD250 billion. Also, QNB remains the highest-rated bank in Qatar and one of the highest-rated banks in the world with ratings of Aa3 from Moody’s, A from S&P and A+ from Fitch.

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 29,000 operating through 1,100 locations, with an ATM network of more than 4,300 machines.