(MENAFN - The Peninsula) Qatar National Bank (QNB) Group is the recipient of the 'Best Trade Finance Bank in Qatar and MLA (Mandated Lead Arranger)' Award from the Global Trade Review (GTR) for its participation in the Barzan Gas Project. The winners were announced at the GTR Leaders in Trade Charity Awards dinner which was recently held in London, United Kingdom.
The award further highlights that QNB Group has played an active role in the Barzan Gas Project by participating in the project's syndicated financing completed last year, at the time making it the world's largest project financial deal.
The Group had chosen to come on board for this project because of the opportunities that it presented in terms of demonstrating the Bank's market leadership and strengthening it as a corporate financial advisor. With the Barzan Gas Project being positioned as being one of Qatar's most innovative engineering projects, and QNB Group always pioneering its own innovative banking projects and ideas, it is a partnership that demonstrates the rise of Qatar.
The Barzan Gas Project is a catalyst for the future development of Qatar marking a powerful step forward in Qatar's overall industrial and human development, and is in line with the country's National Vision 2030. The aim is for the gas from the project to be used to supply Qatar's growing domestic energy demand.
QNB Group continues to position itself as the leading financial institution in Qatar. The Bank has captured a leading share of business activities during the past twelve month from both the public and private sector, further increasing its dominant market.
GTR is the worlds' leading international trade finance magazine being read by and featuring key market banks, credit insurers, traders and other well respected industry organisations. As well as covering the global trade finance export markets, GTR provides timely and in-depth news, leads and analysis on the global emerging markets trade finance, export finance and risk markets.