QNB Opens its First Branch in Hong Kong

QNB Group, a Qatari multinational commercial bank headquartered in Doha, Qatar, has announced the official opening of its branch in Hong Kong, which is the gateway for the Group's clients to Mainland China and wider Asia.

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According to the company, the new branch aims to facilitate cross border business with a range of corporate banking products and services, treasury and investments, foreign exchange solutions, syndication strategies, and project financing.

The branch will work closely with the Group’s global network, and particularly the Singapore branch and Shanghai representative office. It will advise QNB’s clients in China on their outbound growth through Hong Kong as a base and will link with Singapore to cover South East Asia region.

QNB Group CEO, Mr. Abdulla Mubarak Al-Khalifa commented:” We are pleased to announce the official opening of our first branch in Hong Kong, one of the most attractive markets in the world. As part of our Group’s strategy to expand into strategically located markets with excellent infrastructure and a business friendly environment, we are planning to continue diversifying our sources of revenue and profit, particularly in the MEASEA markets.” 

QNB Group is the largest financial institution in the Middle East and Africa and keen to become a leading bank in the Middle East, Africa and South East Asia. It has a presence in Asia, through branches in Singapore and India, a subsidiary in Indonesia, and representative offices in China, Vietnam and Myanmar. The Group’s presence in Hong Kong reflects its commitment to develop a successful market expansion strategy, through in-depth insight and understanding.