QNB named 'Best Trade Finance Bank in Qatar' by GTR

Posted on : Wed, 23 June 2021

Doha, 23 June 2021 - QNB Group, the largest financial institution in the Middle East and Africa, was recognized as the “Best Trade Finance Bank in Qatar” by Global Trade Review as part of its GTR Leaders in Trade 2021 awards.

QNB received the award based on its efforts to enhance its digital products and services aimed at responding to client needs and improving connectivity across the Group’s footprint during the COVID-19 pandemic, in line with its goal to become a leading bank in the Middle East, Africa, and Southeast Asia.

It also reflects the Bank’s achievements to make business easier by driving the efficiency of transacting remotely through its various e- channels for small and medium-sized enterprises, and corporates.

QNB’s digital expansion included the Trade Finance Portal, a uniquely integrated e-business solution, that offers importers and exporters a fully-featured platform to seamlessly complete their local and international trade transactions, resulting in the generation of new businesses from across QNB’s international network and also leading the usage of this platform to grow by 221% during 2020.

The Bank’s other expansion efforts during the year included the launch of specific webinars and remote video sessions to help customers navigate through the various capabilities offered by this platform. To supplement the ability to do business remotely and seamlessly, QNB also implemented a remote Letter of Credit delivery service.

Global Trade Review is a leading news source, publisher and event organizer for the global trade, commodity, export, and supply chain finance industries, with offices in London, Hong Kong and Singapore.

QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is 27,000 serving 20 million customers operating through 1,000 locations, with an ATM network of more than 4,400 machines.