Financial results for the three months ended

Press release
Published April 8th, 2013 - 04:52 GMT

QNB Group, the leading financial institution in the Middle East and North Africa region, has announced its financial results for the three months ended 31 March 2013. A net profit of QR2.1 billion was achieved, up by 6.7% compared to the same period last year.

These results do not include financial results of NSGB- Egypt. QNB Group has recently concluded the acquisition of a controlling stake in NSGB amounting to 97.12%. It is anticipated that the incorporation of the financial results of NSGB will be completed during the second quarter of 2013.

Total assets increased by 22.2% from March 2012 to reach QR380 billion, the highest ever achieved by the Bank. This was the result of a strong growth rate of 28.7% in loans and advances to reach QR259 billion, while customer deposits increased by 28.2% to QR280 billion.

The Bank was able to maintain the ratio of non-performing loans to gross loans at 1.4%, a level considered one of the lowest amongst banks in the Middle East and Africa, reflecting the high quality of the Group’s loan book and the effective management of credit risk. The Group’s conservative policy in regard to provisioning continued with the coverage ratio reaching 119% in March 2013.

The Group’s prudent cost control policy and strong revenue generating capability allowed it to maintain efficiency ratio (cost to income ratio) of 17.7%, which is considered one of the best ratios among financial institutions in the region.

Total Equity increased by 9.3% from March 2012 to reach QR46 billion as at 31 March 2013. The capital adequacy ratio stood at 20.5% as at 31 March 2013, far higher than the regulatory requirements of QCB and the Basel Committee. The Group is keen to maintain a strong capitalisation in order to support future strategic plans.

During the first quarter of 2013, QNB Group has successfully completed the acquisition of a controlling stake in NSGB amounting to 97.12%, which included the full stake of Société Générale – France amounting to 77.17% along with 19.95% acquired from other shareholders.

This acquisition is considered one of the largest in the Middle East and is in line with QNB Group’s strategy to expand its presence in selected markets in the region that have a strong growth potential. This acquisition is an important step for QNB Group to realise its vision of being a Middle East and Africa Icon by 2017.

As a result of the Bank’s high credit ratings and outstanding asset quality, it was selected as one the world’s 50 safest financial institutions by Global Finance.

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 120.

With the addition of NSGB, QNB Group’s presence through its subsidiaries and associate companies increased to 25 countries providing a comprehensive range of advanced products and services. The total number of staff exceeded 13,000 operating from over 560 locations, with an ATM network exceeding 1,150 machines.

Background Information

Qatar National Bank

Qatar National Bank (QNB), 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 has steadily grown to be among the largest banks in the region and is by far the leading financial institution in the country, with a market share approaching 40% of banking sector assets.

QNB offers a full range of Retail, Corporate, Investment, Treasury, Wealth Management, and Islamic Banking products and services for individuals, corporate institutions and government entities in Qatar as well as internationally.

QNB has the largest distribution network in Qatar, comprising 44 branches and offices (including 3 mobile branches), in addition to 12 Islamic branches and offices operated by QNB Al Islami, and more than 160 ATMs.

QNB was the first conventional bank in Qatar to offer Shari'a-compliant banking products and services through QNB Al Islami, established in 2005.

QNB’s international presence is rapidly expanding to include new locations around the world to supplement the long established branches in London and Paris.  Currently QNB has presence in 23 countries including branches in Yemen, Oman Kuwait & Singapore as well as Representative Offices in Iran & Libya. An Islamic branch was recently inaugurated in Sudan, offering a full range of Islamic banking services and products.

Contact Information

Qatar National Bank
Qatar National Bank Building,
Al Corniche Street,
P.O. Box 1000
Doha,
Qatar
Fax number
+974 (0) 4 441 3753
Company email

توقيف 41 شخصا في مظاهرات الجزائر

Published February 23rd, 2019 - 09:07 GMT
توقيف 41 شخصا في مظاهرات الجزائر
توقيف 41 شخصا في مظاهرات الجزائر

أعلنت المديرية العامة للأمن الوطني (الشرطة) الجزائرية، مساء الجمعة، توقيف 41 شخصا في مظاهرات شهدتها عدة مدن ضد ترشح الرئيس عبد العزيز بوتفليقة لولاية خامسة في انتخابات 18 أبريل/ نيسان القادم.

وأكدت إدارة الشرطة في بيان اطلعت عليه وكالة الاناضول أن عمليات التوقيف كانت بسبب “الإخلال بالنظام العام والاعتداء على القوة العامة وتحطيم الممتلكات” دون تقديم تفاصيل أكثر حول أماكن توقيف هؤلاء المتظاهرين.

والجمعة، استجاب آلاف المواطنين بعدة محافظات جزائرية، إلى دعوات للتظاهر تم تداولها عبر شبكات التواصل، ضد ترشح بوتفليقة (81 عاما) لولاية خامسة في انتخابات الرئاسة المقررة في 18 أبريل/ نيسان القادم.

واتسمت هذه المظاهرات بالسلمية في أغلب مناطق البلاد باستثناء حدوث مواجهات بين قوات مكافحة الشغب ومتظاهرين بوسط العاصمة خلال محاولتهم السير نحو القصر الرئاسي .

ووفق شهود عيان لجأت قوات الأمن إلى الغاز المسيل للدموع وتوقيف عدة أشخاص بعد تحذيرات للمتظاهرين وتعرضها للرشق بمقذوفات وحجارة قبل أن يتراجع المحتجون ويغادروا المكان.

وصبيحة اليوم نشر ناشطون معلومات عبر شبكات التواصل الاجتماعي حول توقيف عدد من زملائهم قبل بداية المظاهرات بالعاصمة.

وعلقت الرابطة الجزائرية للدفاع عن حقوق الإنسان (مستقلة) على بيان الشرطة بالمطالبة ب”الإفراج الفوري عن الموقوفين وان يتم احترام حق التظاهر سلميا” كما نشرت على صفحتها بموقع “فيسبوك”.

الأناضول


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