Doha, 29 May 2013 – QNB, the World's Strongest Bank, has been awarded the Best Bank in Qatar Award by Euromoney, to mark the tenth time from the prestigious magazine.
The award was received during a ceremony for the winners of the Middle East categories that took place at the Shangri-La Hotel in Dubai on the 29th of May.
Euromoney is one of the most well respected industry experts on capital markets, investment, foreign exchange and treasury, with a deeper focus on a number of key regional markets. Euromoney continues to report on and champion market growth as well as analysis on international cross border capital markets.
During the first quarter of 2013, QNB delivered results recording a net profit of QR 2.1 billion, which is up 6.7% compared to the same period last year. In addition, the Bank continues to demonstrate success through various business activities as well as the ability to achieve strong growth in profitability for the benefit of its shareholders.
Over the years, QNB has steadily grown to be the largest bank in the region and is by far the leading financial institution in the country where it has a market share exceeding 45% of the banking sector assets. It is currently ranked as the most valuable brand in the MENA region due to its continued international expansion which is supported by strong growth locally, regionally and internationally.
QNB is well positioned to capitalise on its exceptional start to 2013 as it continues to be the institution of choice for customers.