Doha: Qatar National Bank (QNB) has secured three awards from Global Finance Magazine at an awards ceremony held during the recent IMF and World Bank annual meetings in Washington DC. QNB was recognised as ‘Best Investment Bank in Frontier Markets’, ‘Best Investment Bank in Qatar’, and ‘Best Bank in Qatar’.
QNB is the world’s first recipient of the ‘Best Investment Bank in Frontier Markets’, which is given for the first time by the Global Finance Magazine. QNB was selected based on the global franchise that the bank has built, which focuses on frontier markets in the Middle East, Asia and Africa.
Securing the three awards builds upon last year’s achievement of being ranked as one of the 50 safest banks in the Middle East by Global Finance.
QNB Group has witnessed rapid and sustained domestic and international growth in recent years. The International network now extends to 26 countries and this recognition of the robust financial performance from expert commentators such as Global Finance Magazine helps continue that momentum.
Global Finance Magazine is an important and widely distributed international publication of standing amongst the financial community. The Annual Awards Ceremony is viewed as one of the key highlights of the financial calendar and the criteria used for the selection of winners is wide ranging and demanding. Considerations adopted in the decision making process include: market share performance, deal flow analysis, customer and advisory service, structuring capabilities, distribution network efficiency, prevailing market conditions, underwriting abilities and overall market reputation.