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QNB Group wins ‘Best Trade Finance Bank in Qatar and MLA’ Award for participation in Barzan Gas Project
QNB Group wins ‘Best Trade Finance Bank in Qatar and MLA’ Award for participation in Barzan Gas ProjectDoha, 17 May 2012 – Qatar National Bank (QNB) Group, the largest financial institution in theState of Qatar and the Gulf region, is the recipient of the ‘Best Trade Finance Bank in Qatar andMLA (Mandated Lead Arranger)’ Award from the Global Trade Review (GTR) for its participationin the Barzan Gas Project. The respective winners were announced at the GTR Leaders in TradeCharity Awards dinner which was recently held in London, United Kingdom.This award further highlights that QNB Group has played an active role in the Barzan GasProject by participating in the project’s syndicated financing completed last year, at the timemaking it the world’s largest project financial deal. The Group had chosen to come on board forthis project because of the opportunities that it presented in terms of demonstrating the Bank’smarket leadership and strengthening it as a corporate financial advisor. With the Barzan GasProject being positioned as being one of Qatar’s most innovative engineering projects, and QNBGroup always pioneering its own innovative banking projects and ideas, it is a partnership thatdemonstrates the rise of Qatar.The Barzan Gas Project is a catalyst for the future development of Qatar marking a powerfulstep forward in Qatar’s overall industrial and human development, and is in line with thecountry’s National Vision 2030. The aim is for the gas from the project to be used to supplyQatar’s growing domestic energy demand.QNB Group continues to position itself as the leading financial institution in Qatar. The Bank hascaptured a leading share of business activities during the past twelve month from both thepublic and private sector, further increasing its dominant market.QNB Group operates in 24 countries around the world through its network, subsidiaries andassociate companies employing about 7,000 staff operating from 335 branches and offices thatare supported by an ATM network that exceeds 650 machines.Based on the Group’s continuous strong performance and the expanding internationalpresence, the Bank is currently ranked as the most valuable brand in the MENA region, with aworld ranking of 114 from189 in 2011. It is also ranked as the largest bank in the Gulf regionGTR is the worlds’ leading international trade finance magazine being read by and featuring keymarket 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 riskmarkets.