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Qnb platinum sponsor of 3rd national conference on internal auditing 2013
Press ReleaseQNB Platinum Sponsor of 3rdNational Conference on InternalAuditing 2013Doha, May 15th, 2013 – Qatar National Bank (QNB), the largest financial institution inthe State of Qatar and the MENA region, has announced its Platinum sponsorship ofthe third National Conference on Internal Auditing 2013 to be held at the College of theNorth Atlantic Qatar from the 18th to 20th of May.The event will be under the patronage of H.E. Abdullah Bin Hamad Al Attiyah, Chairmanof the Administrative Control and Transparency Authority. This year’s conference themeis “The value of an effective Internal Auditing Function”.The event will showcase a series of seminars and workshops with a particular focus onhow the internal audit function can add value to any organization.Meanwhile, the conference will also examine how both individuals and organisationscan effectively deal with the multiple present day challenges such as the onset ofintense competition, advancing technology, regulatory complexities, changing businessdynamics and increasing expectations of stakeholders.The workshops and seminars chosen are all in line with the requirements to assist in therealization of the Qatar National Vision 2030 and more specifically, to building aknowledge based society.QNB has always been a supporter of the National Vision, and continues to ensure thatthe bank’s values, mission and vision draw parallels to the country’s longer term aims.In addition, QNB highlighted that the National Conference on Internal Auditing 2013presents an excellent opportunity for Audit, IT, Governance, Compliance, RiskManagement, Forensic and Accounting professionals in Qatar and the region to interactand network with global leaders in the same profession.QNB has always been committed to sponsoring events such as this one as thisdemonstrates the Bank’s unwavering support, but also shows that sponsorship is key inorder to economically contribute to and enhance the communities that QNB operates in.** Ends **
About QNB Group Qatar National Bank (QNB Group) was established in 1964 as the country’s first Qatari-‐owned commercial bank, has an ownership structure 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 the country with a market share exceeding 45% of banking sector assets. The Group recorded a net profit of QR8.3 billion in the year ended 31 December 2012, up by 11.1% compared to the same period last year, demonstrating QNB Group’s success across business activities and the ability to achieve strong growth in profitability for the benefit of shareholders. Total assets increased by 21.5% since 2011 to reach QR367 billion, the highest ever achieved by the Group. QNB Group has witnessed rapid international expansion in the past few years and operates in 24 countries around the world through its network, subsidiaries and associate companies employing about 8,800 staff, along with a network of 400 branches and offices and an ATM network that exceeds 800 machines. The Group has also extended its regional reach by acquiring stakes in various financial institutions including 35% stake in the Jordan-‐based, the Housing Bank for Trade and Finance (HBTF), 40% in Commercial Bank International (CBI) based in the United Arab Emirates (UAE), 50% of the Tunisian-‐Qatari Bank, 51% in the Iraqi-‐based Mansour Bank, 49% of the Libyan based Commerce & Development Bank and 20% stake in Al Jazeera Finance Company in Doha. QNB Group also retains 51% stake in QNB-‐Syria and a 70% stake in QNB Kesawan in Indonesia. The Group provides an array of investment banking services through its subsidiary, QNB Capital, to corporate, government and institutional clients within Qatar and globally. QNB Capital has one of the best corporate finance teams in the GCC region offering extensive transaction experience, in depth advisory services – including mergers and acquisitions, equity and debt capital markets, and project financing advisory. The Group also offers brokerage services through its subsidiary, QNB Financial Services (QNB FS), the first independently regulated, licensed brokerage company launched by a bank in Qatar. QNB FS brokerage offers a multi-‐market, multi-‐currency trading platform with access to several markets. QNB Group is among the highest rated regional banks from leading credit rating agencies including Standard & Poor’s (A+), Moody’s (Aa3), Fitch (A+), and Capital Intelligence (AA-‐). The Bank has also been the recipient of many awards from leading international specialized financial publications.
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 from 189 in 2011. QNB Group has an active community support program and sponsors various social, educational, and sporting events. **** For further information, please contact QNB’s Public Relations Department at (+974) 44975704, Fax (+974) 44252589, email: PR@qnb.com.qa or visit QNB’s website www.qnb.com.qa