Asia Pacific, Banking, Global Banking, Global Investment, Middle East, News

Qatar National Bank Targets Southeast Asia

Qatar National Bank Targets Southeast Asia

The biggest bank in Middle East and Africa, Qatar National Bank SAQ is focusing on Southeast Asia for growth after achieving its goals in Middle East and Africa. QNB is going to turn its Singapore operations into an Asian hub and increase staff strength and bring in Islamic finance products.

“The biggest bank in Middle East and Africa, Qatar National Bank SAQ is focusing on Southeast Asia for growth after achieving its goals in Middle East and Africa.”

~ Bloomberg

QNB has doubled the assets to $198 billion over the past five years by increasing lending in its local market and has spent about $6 billion on acquisitions.

Related Reports: Bloomberg, Reuters

 

About Qatar National Bank

Qatar National Bank S.A.Q (QNB Group) was established in 1964 as the country’s first Qatari-owned commercial bank, with an ownership structure split between the Qatar Investment Authority (50%) and (50%) held by members of the public. QNB Group has steadily grown to be the biggest bank in Qatar and a leading financial institution in the Middle East and Africa region.

Visit: Qatar National Bank

 


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