QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, has posted a net profit reached QR12.4 billion ($3.4billion) for 2016, up by 10 per cent from last year.
Total assets reachedQR720 billion ($
QNB Group, the largest bank in the Middle East and Africa (MEA) region, posted a net profit of QR9.7 billion ($2.7 billion) for the first nine months of 2016, up 11 per cent compared to the same period last year.
Total assets reac
The Gulf's largest listed lender, Qatar National Bank (QNB), said on Sunday it would open a representative office in Cuba, becoming the first bank from the rich energy-exporting countries of the Gulf to do so.
Qatar National Bank (QNB) is set to price a five-year bond of benchmark size on Wednesday after announcing initial price thoughts in the area of 135 basis points over midswaps, a document from lead managers showed.
Gulf banks have
Qatar National Bank (QNB) has been given approval to open a branch in India offering banking services, the Gulf region's largest lender said on Sunday.
The bank, which in June completed the 2.7 billion euro purchase of Turkey&
Qatar National Bank, the Middle East's largest lender by assets, said it had taken immediate steps to ensure customers would not suffer any financial loss after a security breach last week exposed personal data of thousands of clients.
QNB Group, a leading bank in the Middle East and Africa, has posted a net profit of QR2.9 billion ($787 million) for the first three months of 2016, marking a 7.1 per cent increase compared to last year.
The Group maintained an ef
Qatar National Bank (QNB), the largest lender in the Gulf Arab region, said on Sunday its shareholders had approved the issuance of capital-boosting bonds.
QNB's shareholders granted the bank permission to issue bonds, which c
Qatar National Bank, the Gulf country's largest bank, reached an agreement with National Bank of Greece to acquire the latter's entire 99.81 percent stake in Turkey's Finansbank AS for 2.7 billion euros ($2.95 billion), the two banks
Oil prices will stabilise around an average of $55 in both 2015-16 before rising to $60.2 per barrel in 2017 with a decreasing oversupply in the market, a report said,
The adjustment in the market is working as expected, but the p