Banking

Qatar National Bank unveil its operations in India

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Qatar National Bank (QNB) Group, the leading financial institution in the Middle East and Africa region has commenced its operations in Mumbai.

The group commenced its operations in India in sync with its vision to establish itself as a leading bank in the Middle East, Africa, and Southeast Asia by 2020 and grip a strong foothold in highly competitive markets.

Reportedly, with its new operational branch, the Group offers a whole new range of banking products and services. In addition to this, the Group is promising excellent services to the customers representing its rich experience in wealth management, investment portfolios, project finance. It is ensuring to offer the provision of smart banking solutions and a range of innovative products and services carved exclusively to suit the requirements of the Indian market.

“QNB recently topped The Banker magazine’s and ranked Best Bank in the Middle East and Africa by Tier 1 capital, as well as ranking 82nd among the Top 1000 World Banks,” said the bank in its official communiqué.

“QNB Group’s total assets reached $ 211 billion as at 30 June 2017, the highest ever achieved by the Group, and net profit for the six months ended 30 June 2017 reached $1.8 billion,” it added.

QNB Group’s presence in the market is credited through its subsidiaries and associate companies extends in more than 31 countries spread across three continents enabling a comprehensive range of advanced products and services. The total number of employees working under the brand is more than 27,900 operating through more than 1,250 locations serving more than 21 million customers. It has an ATM network of more than 4,300 machines.

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