Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - Qnb Ranked Best Brand Value In Mena Region For 2013  Join our daily free Newsletter

MENAFN - Qatar News Agency - 09/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) Qatar National Bank Group (QNB), The World's Strongest Bank, has consolidated its position as The Middle East and North Africa (MENA) Region's most valuable Brand according to The Annual Survey carried out by "Brand Finance" and published by "The Banker" Magazine, an affiliate to the international acclaimed "Financial Times" newspaper.



As the leading financial institution in the region, QNB Group achieved an increase in the value of its brand by USD 500million to USD1.81 billion, said QNB in a press release toda



This represents a 38% increase on the 2012 levels achieved and importantly saw QNB rise to 101st globally in the rankings of the World's top 500 Banking Brand



This improvement of 19 places is testament to the continuing robust financial performance and successful international expansion of a brand that is now operating across 26 countries worldwid



Commenting on the achievement, Yousef Darwish (General Manager, QNB Group Communications) said: "This is a notable achievement for The QNB Group and continues the impressive momentum delivered over recent year



The importance of our brand and how it is perceived by our diverse range of stakeholders is paramount across our 26 countries of operatio



The Annual Brand Finance Survey confirms that we are making good progress and continue to be the best brand value across The MENA Regio



Looking to the future, The QNB Group vision is to be a MEA (Middle East and Africa) icon by 2017



Stringent judging criteria is used by Brand Finance in the value assessment process of Banking Brand



The factors considered include: size of operation, geographical presence, global and regional reputation and brand classificatio



On the latter point, QNB Group maintained its AA brand rating for 2013 and this classification is based on the health and future growth potential of the brand based on the criteria deploye



The prestigious recognition of being the premium brand in The Middle East by value builds upon other achievements secured by QNB over the past 12 month



Global Finance Magazine recognized QNB as being amongst the "Safest 50 Banks in Emerging Markets", The Banker Magazine bestowed "The Best Bank in The Middle East 2013" accolade and Bloomberg Markets confirmed QNB as 'The World's Strongest Bank" throughout 201



The various recognitions and Awards are underpinned by a strong and robust Financial Performance that saw Net Profits reach QR 9.5 billion in 2013 (an increase of 13.7% on 2012 levels) and Total Assets reaching an all time record (up 20.9%) high of QR 443 billion.

 


Qatar News Agency




  MENA News Headlines
 Dec 27 2014 - Saudi lifts up state spending to record in 2015MENAFN
(MENAFN) Saudi Arabia will lift state spending to a record in its 2015 budget while covering a deficit with its huge fiscal reserves, The Peninsula Qatar reported.The government's decision is set to ...

 Dec 27 2014 - Flydubai logs record year in 2014MENAFN
(MENAFN) Flydubai said it had a record year in 2014, having launched 23 new routes and created a network of 89 destinations across the GCC, Europe, Africa and the Indian Subcontinent, Gulf News ...

 Dec 27 2014 - Saudi foreign trade to grow 5.5 percent in 2015MENAFN
(MENAFN) Saudi policies have been 100 percent successful as evidenced by the largest budget in the country's history for 2015, which envisages USD229 billion spending during the new year, Arab News ...

 Dec 27 2014 - Qatar A team clinches 16th GCC Volleyball Championship titleThe Peninsula
(MENAFN - The Peninsula) The winning Qatar A team's players pose for a group photo along with the officials after defeating Bahrain A team in the final of 16th GCC Beach Volleyball Championship at ...

 Dec 27 2014 - Bahrain- Anti-govt protestThe Peninsula
(MENAFN - The Peninsula) Shia protesters in Bahrain hold up national flag as they take part in an anti-government demonstration in the village of Jannusan, west of capital Manama, yesterday. The ...

 Dec 27 2014 - Jordan denies IS shot down its warplaneThe Peninsula
(MENAFN - The Peninsula) Jordan's military yesterday denied claims by the Islamic State group to have shot down one of its warplanes which crashed in Syria, after the pilot was captured by the ...

 Dec 27 2014 - Yemen- Protest in Sana'aThe Peninsula
(MENAFN - The Peninsula) People demonstrate against the deployment of armed militia of the Shia Houthi movement in Sana'a yesterday. ...

 Dec 27 2014 - Qatar- Gold loses sheen, to end 2014 on flat noteThe Peninsula
(MENAFN - The Peninsula) Gold has lost its sheen this year and is all set to end 2014 on a flat note, leaving investors disappointed. Prices are hovering around the same level seen at the beginning ...

 Dec 27 2014 - Qatar to host 19th meeting of GCC Environment MinistersThe Peninsula
(MENAFN - The Peninsula) Qatar has taken part in the 18th session of GCC ministers in charge of the environment in Kuwait.The Minister of Environment H E Ahmed Amer Mohamed Al Humaidi led Qatar's ...

 Dec 27 2014 - Qatar- Ministry discovers illegal winter camp in Al ShamalThe Peninsula
(MENAFN - The Peninsula) The Environment Protection Department at the Ministry of Environment has discovered a winter camp in Al Shamal which was established without permission, Arraya has reported, ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help