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QNB Group wins ‘Best Trade Finance Bank in Qatar and MLA’ Award for participation in Barzan Gas Project
1. QNB Group wins ‘Best Trade Finance Bank in Qatar and MLA’
Award for participation in Barzan Gas Project
Doha, 17 May 2012 – Qatar National Bank (QNB) Group, the largest financial institution in the
State of Qatar and the Gulf region, is the recipient of the ‘Best Trade Finance Bank in Qatar and
MLA (Mandated Lead Arranger)’ Award from the Global Trade Review (GTR) for its participation
in the Barzan Gas Project. The respective winners were announced at the GTR Leaders in Trade
Charity Awards dinner which was recently held in London, United Kingdom.
This award further highlights that QNB Group has played an active role in the Barzan Gas
Project by participating in the project’s syndicated financing completed last year, at the time
making it the world’s largest project financial deal. The Group had chosen to come on board for
this project because of the opportunities that it presented in terms of demonstrating the Bank’s
market leadership and strengthening it as a corporate financial advisor. With the Barzan Gas
Project being positioned as being one of Qatar’s most innovative engineering projects, and QNB
Group always pioneering its own innovative banking projects and ideas, it is a partnership that
demonstrates the rise of Qatar.
The Barzan Gas Project is a catalyst for the future development of Qatar marking a powerful
step forward in Qatar’s overall industrial and human development, and is in line with the
country’s National Vision 2030. The aim is for the gas from the project to be used to supply
Qatar’s growing domestic energy demand.
QNB Group continues to position itself as the leading financial institution in Qatar. The Bank has
captured a leading share of business activities during the past twelve month from both the
public and private sector, further increasing its dominant market.
QNB Group operates in 24 countries around the world through its network, subsidiaries and
associate companies employing about 7,000 staff operating from 335 branches and offices that
are supported by an ATM network that exceeds 650 machines.
Based on the Group’s continuous strong performance and the expanding international
presence, the Bank is currently ranked as the most valuable brand in the MENA region, with a
world ranking of 114 from189 in 2011. It is also ranked as the largest bank in the Gulf region
GTR is the worlds’ leading international trade finance magazine being read by and featuring key
market banks, credit insurers, traders and other well respected industry organisations. As well
2. as covering the global trade finance export markets, GTR provides timely and in-depth news,
leads and analysis on the global emerging markets trade finance, export finance and risk
markets.