QNB Group

QNB Group and Coupa Partner to Digitize Spend Management

Retrieved on: 
Tuesday, March 12, 2024
Risk, Senior, QNB, DBS, MENA, BMO, Barclays, QNB Group, Online shopping

DOHA, Qatar, March 12, 2024 /PRNewswire/ -- Coupa, the leading AI-driven platform that helps you operate smarter and grow faster, today announced that QNB Group, the largest financial institution in the Middle East and Africa, has selected Coupa to completely digitize the company's procurement and finance operations.

Key Points: 
  • "We're honored to welcome QNB to our global community as our first customer in Qatar," said Mark Riggs, Coupa Chief Customer Officer.
  • The bank selected Coupa to unify the entire procurement lifecycle and automate processes for sourcing, procurement, contract and supplier management, risk, invoicing, and payments.
  • With Coupa's unified AI-driven platform, QNB benefits from complete visibility and control over all spend in a single system.
  • Coupa delivered on every expectation," said Cory Thwaites, Senior Executive Vice President, Group Procurement at QNB.

QNB Group announces the successful refinancing OF ITS USD 2 billion senior unsecured syndicated term loan facility

Retrieved on: 
Thursday, November 16, 2023
Syndication, Bank, HSBC, J.P. Morgan & Co., Mizuho, QNB Group, USD, Barclays, Documentation, ATM, SMBC, HSBC Bank Middle East, Standard Chartered

DOHA, Qatar, Nov. 16, 2023 /PRNewswire/ -- QNB Group, the largest financial institution in the Middle East and Africa , announced the successful refinancing of its USD 2 billion unsecured syndicated term loan facility.

Key Points: 
  • DOHA, Qatar, Nov. 16, 2023 /PRNewswire/ -- QNB Group, the largest financial institution in the Middle East and Africa , announced the successful refinancing of its USD 2 billion unsecured syndicated term loan facility.
  • "This refinancing attracted the interest of global and regional banks and helped us further broaden our investor base.
  • We see this transaction as confirmation of our successful strategy of becoming a leading bank in MEASEA and establishing meaningful relationships."
  • The USD 2 billion facility, with a maturity of three years was well supported by both regional and international banks with substantial oversubscription.

QNB Group announces the successful refinancing OF ITS USD 2 billion senior unsecured syndicated term loan facility

Retrieved on: 
Thursday, November 16, 2023
Syndication, Bank, HSBC, J.P. Morgan & Co., Mizuho, QNB Group, USD, Barclays, Documentation, ATM, SMBC, HSBC Bank Middle East, Standard Chartered

DOHA, Qatar, Nov. 16, 2023 /PRNewswire/ -- QNB Group, the largest financial institution in the Middle East and Africa , announced the successful refinancing of its USD 2 billion unsecured syndicated term loan facility.

Key Points: 
  • DOHA, Qatar, Nov. 16, 2023 /PRNewswire/ -- QNB Group, the largest financial institution in the Middle East and Africa , announced the successful refinancing of its USD 2 billion unsecured syndicated term loan facility.
  • "This refinancing attracted the interest of global and regional banks and helped us further broaden our investor base.
  • We see this transaction as confirmation of our successful strategy of becoming a leading bank in MEASEA and establishing meaningful relationships."
  • The USD 2 billion facility, with a maturity of three years was well supported by both regional and international banks with substantial oversubscription.

Financial Results For The Nine Months Ended 30 September 2023

Retrieved on: 
Tuesday, October 10, 2023
Asset, Basel Committee on Banking Supervision, Capital adequacy ratio, Equity, MEA, LCR, Growth, CAR, NPL, QNB Group, Qatar Central Bank, Airline, Cryptocurrency, Bank

DOHA, Qatar, Oct. 10, 2023 /PRNewswire/ -- QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the nine months ended 30 September 2023.

Key Points: 
  • DOHA, Qatar, Oct. 10, 2023 /PRNewswire/ -- QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the nine months ended 30 September 2023.
  • Net profit for the nine months ended 30 September 2023 reached QAR11.9 billion (USD3.3 billion), an increase of 8% compared to same period last year.
  • Also QNB Group's loans to deposits ratio remained strong at 99.2% as at 30 September 2023, well within the regulatory limits.
  • Also, Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) as at 30 September 2023 amounted to 166% and 102% respectively.

Financial Results For The Nine Months Ended 30 September 2023

Retrieved on: 
Tuesday, October 10, 2023
Asset, Basel Committee on Banking Supervision, Capital adequacy ratio, Equity, MEA, LCR, Growth, CAR, NPL, QNB Group, Qatar Central Bank, Airline, Cryptocurrency, Bank

DOHA, Qatar, Oct. 10, 2023 /PRNewswire/ -- QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the nine months ended 30 September 2023.

Key Points: 
  • DOHA, Qatar, Oct. 10, 2023 /PRNewswire/ -- QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the nine months ended 30 September 2023.
  • Net profit for the nine months ended 30 September 2023 reached QAR11.9 billion (USD3.3 billion), an increase of 8% compared to same period last year.
  • Also QNB Group's loans to deposits ratio remained strong at 99.2% as at 30 September 2023, well within the regulatory limits.
  • Also, Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) as at 30 September 2023 amounted to 166% and 102% respectively.

Financial Results For The Three Months Ended 31 March 2023

Retrieved on: 
Monday, April 10, 2023
QNB, QNB Group, Qatar Central Bank, NPL, MEA, Equity, USD, Capital adequacy ratio, Asset, CAR, LCR, Growth, Basel Committee on Banking Supervision, Cryptocurrency, Airline, Insurance

DOHA, Qatar, April 10, 2023 /PRNewswire/ -- QNB, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the three months ended 31 March 2023.

Key Points: 
  • DOHA, Qatar, April 10, 2023 /PRNewswire/ -- QNB, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the three months ended 31 March 2023.
  • Net profit for the three months ended 31 March 2023 reached QAR3.9 billion (USD1.1 billion), an increase of 7% compared to same period last year.
  • New customer deposits helped to increase customer deposits by 5% to reach QAR828 billion (USD227 billion) from 31 March 2022.
  • The ratio of non-performing loans to gross loans stood at 2.9% as at 31 March 2023, one of the lowest amongst financial institutions in the MEA region.

Financial Results For The Three Months Ended 31 March 2023

Retrieved on: 
Monday, April 10, 2023
QNB, QNB Group, Qatar Central Bank, NPL, MEA, Equity, USD, Capital adequacy ratio, Asset, CAR, LCR, Growth, Basel Committee on Banking Supervision, Cryptocurrency, Airline, Insurance

DOHA, Qatar, April 10, 2023 /PRNewswire/ -- QNB, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the three months ended 31 March 2023.

Key Points: 
  • DOHA, Qatar, April 10, 2023 /PRNewswire/ -- QNB, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the three months ended 31 March 2023.
  • Net profit for the three months ended 31 March 2023 reached QAR3.9 billion (USD1.1 billion), an increase of 7% compared to same period last year.
  • New customer deposits helped to increase customer deposits by 5% to reach QAR828 billion (USD227 billion) from 31 March 2022.
  • The ratio of non-performing loans to gross loans stood at 2.9% as at 31 March 2023, one of the lowest amongst financial institutions in the MEA region.

Financial Results For The Year Ended 31 December 2022

Retrieved on: 
Wednesday, January 11, 2023
General assembly, Asset, Basel Committee on Banking Supervision, QNB Group, MEA, Qatar Central Bank, QNB, Equity, CAR, Growth, QCB, Maharashtra Legislative Assembly, Bank

Net Profit before the impact of hyperinflation for the year ended 31 December 2022 reached QAR16.1 billion (USD4.4 billion), an increase of 22% compared to the same period last year.

Key Points: 
  • Net Profit before the impact of hyperinflation for the year ended 31 December 2022 reached QAR16.1 billion (USD4.4 billion), an increase of 22% compared to the same period last year.
  • The annual financial results for 2022 along with the proposed profit distribution are subject to Qatar Central Bank (QCB) approval.
  • The above helped to improve the loans to deposits ratio to 95.9% as at 31 December 2022 reflecting the improvement in QNB Group's liquidity.
  • Group Capital Adequacy Ratio (CAR) as at 31 December 2022 amounted to 19.6% higher than the regulatory minimum requirements of the Qatar Central Bank and Basel Committee.

Financial Results For The Year Ended 31 December 2022

Retrieved on: 
Wednesday, January 11, 2023
General assembly, Asset, Basel Committee on Banking Supervision, QNB Group, MEA, Qatar Central Bank, QNB, Equity, CAR, Growth, QCB, Maharashtra Legislative Assembly, Bank

Net Profit before the impact of hyperinflation for the year ended 31 December 2022 reached QAR16.1 billion (USD4.4 billion), an increase of 22% compared to the same period last year.

Key Points: 
  • Net Profit before the impact of hyperinflation for the year ended 31 December 2022 reached QAR16.1 billion (USD4.4 billion), an increase of 22% compared to the same period last year.
  • The annual financial results for 2022 along with the proposed profit distribution are subject to Qatar Central Bank (QCB) approval.
  • The above helped to improve the loans to deposits ratio to 95.9% as at 31 December 2022 reflecting the improvement in QNB Group's liquidity.
  • Group Capital Adequacy Ratio (CAR) as at 31 December 2022 amounted to 19.6% higher than the regulatory minimum requirements of the Qatar Central Bank and Basel Committee.

i2c powers QNB Group’s digital issuance for the Visa FIFA World Cup Qatar 2022™ prepaid card

Retrieved on: 
Wednesday, December 7, 2022
Soccer, Banking, Professional Services, Sports, Prepaid card, Apple Pay, Visa, Partnership, Software as a service, QNB Group, Silicon, NFC, ATM, Mobile phone, Online shopping

i2c Inc. , a leading provider of digital payment and banking technology, today announced its partnership with QNB Group, the Official Middle East and Africa Supporter of the FIFA World Cup 2022 to power the digital issuance of the Visa FIFA World Cup Qatar 2022 Prepaid Card.

Key Points: 
  • i2c Inc. , a leading provider of digital payment and banking technology, today announced its partnership with QNB Group, the Official Middle East and Africa Supporter of the FIFA World Cup 2022 to power the digital issuance of the Visa FIFA World Cup Qatar 2022 Prepaid Card.
  • By leveraging i2cs agile banking and payments platform, QNB Group is issuing virtual Visa prepaid cards to end users' mobiles, securely enabling digital and NFC-based contactless digital payments as well as Apple Pay.
  • By operating on our secure, highly-configurable platform, QNB Group is providing fans a great digital-first payments experience and an easy and simple way to pay.
  • We are also grateful for our partnership and combined efforts with i2c, said Mr. Adel Ali Al-Malki, General Manager QNB Group Retail Banking of QNB Group.