Doha, 18 September 2016 – QNB Group, a leading financial institution in the Middle East and Africa, has retained its position at the top of the list of the World’s 50 Safest Banks, according to the latest update published by Global Finance Magazine in 2016.
Since 2013, the Group retained this ranking, which is based on the evaluation of long-term credit ratings provided by Moody’s, Standard & Poor’s and Fitch, and the total assets of the 500 largest banks worldwide.
It is notable that The Banker magazine has recently ranked QNB among the world’s top 100 banks in 2016. QNB was ranked among the top banks based on a number of factors, including its Basel Compliance Level, performance, loans to assets ratio, and soundness. The QNB brand has also maintained its rank as the most valuable bank brand in the Middle East and Africa region according to the Brand Finance report issued by the same magazine, whereby it has gained this rank based on the Bank’s solid performance and strong international expansion.
The Group also recently acquired a 99.81% controlling share in Turkish Finansbank, the 5th largest privately owned universal bank in Turkey by total assets, customer deposits and loans.
QNB Group is also amongst the highest rated regional banks with credit ratings of Standard & Poor’s (A+), Moody’s (Aa3), Fitch (AA-), and Capital Intelligence (AA-). The Bank has also been the recipient of many awards from leading international specialized financial publications.
QNB Group is present, through its subsidiaries and associate companies, in more than 30 countries across three continents providing a comprehensive range of products and services. QNB Group staff exceeds 27,300 through 1,200 locations and 4,300 ATMs.