Qatar National Bank Named One of the World's 50 Safest Banks

DOHA (NNN-QNA) -- The Qatar National Bank (QNB) has been named one of the World’s 50 Safest Banks and one of the Safest Banks in the Middle East, according to the latest update published by Global Finance in April 2012.

The ranking was created through an evaluation of long-term credit ratings from Moody’s, Standard & Poor’s and Fitch Ratings and total assets of the 500 largest banks worldwide.

The World’s 50 Safest Banks ranking is a recognized and trusted standard of credit-worthiness for the entire financial world.

The QNB Group’s leading role in the banking sector and the high quality of its assets, along with its capabilities to achieve sustained growth in all activities, are demonstrated clearly in its credit ratings, with Standard & Poor’s (A long term, A1 short term, stable), Fitch (A long term, A1 short term, stable) and Moody’s (Aa3 long term, P1 short term, stable) affirming the bank’s ratings during 2011, which are among the highest in the region.

The QNB was established in 1964 as the country’s first Qatari-owned commercial bank. It has an ownership structure split between the Qatar Investment Authority (50 per cent) and the private sector (50 per cent). -- NNN-QNA