10 January 2013

Qatar's QNB Group to Open Representative Office in Shanghai, China

- QNB Group now operates in 25 countries in Asia, Europe and Africa

Doha - 10 January 2013 - QNB Group, the largest financial institution in the State of Qatar and the MENA region, announced that the Group had obtained the required approvals from the concerned authorities to open a representative office in Shanghai, the People’s Republic of China

This step comes within QNB’s strategy to expand its presence abroad in selected countries. By entering the Chinese market, the number of countries where QNB Group operates will increase to 25 countries in Asia, Europe, and Africa. 

Qatar National Bank (QNB Group) was established in 1964 as the country’s first Qatari-owned commercial bank. Its ownership structure is split between the Qatar Investment Authority (50%) and the private sector (50%). QNB Group has steadily grown to be the largest bank in the Middle East and North Africa Region and is by far the leading financial institution in Qatar with a market share exceeding 45% of banking sector assets. 

Source: QNB