QNB Group officially resumes its operations in Libya

Posted on : Mon, 19 Sept 2011

Doha, 19 September 2011: Qatar National Bank (QNB) Group announced today the re-opening of its Representative Office in Libya, 6 months following its closure because of  the unstable conditions in the country.

The Group is among the very first international financial institutions to resume operations in Tripoli post stability.

QNB Group opened its Representative Office in Libya in 2007 in line with the Banks plans to expand its international presence and enhance its international profile. QNB Libya representative office allows the Bank to source business in Libya for referral on to the wider QNB Group.

The Group’s international expansion plan has in recent years become an integral part of its growth strategy and commitment to diversify the sources of its revenue by exploring new and promising opportunities.  Concurrent growth in Qatari foreign economic ties, development of cross border trade and a wave of globalization has also led to the successful implementation of the Bank’s strategic growth plans while strengthening its presence regionally and internationally.