Commenting on the event, QNB Group CEO, Mr. Abdulla Mubarak Al-Khalifa, stated: “We’re happy to announce the official opening of our first department in Hong Kong, one of the enticing markets on this planet. As a part of our Group’s technique to increase into strategically situated markets with wonderful infrastructure and a enterprise pleasant atmosphere, we’re planning to proceed diversifying our sources of income and revenue, notably within the MEASEA markets.”
As a newcomer to the market, QNB seeks to place itself as a good overseas financial institution to prospects with commerce and funding flows between Hong Kong, the Center East, Africa, and Mainland China.
The Department goals to facilitate cross border enterprise with a spread of company banking services and products, treasury and investments, overseas alternate options, syndication methods, and challenge financing.
Hong Kong is the gateway for the Group’s shoppers to Mainland China and wider Asia. It’s a main commerce hub accounting for USD 1,077.5 billion in imports and exports.
The Department will work carefully with the Group’s world community, and notably the Singapore department and Shanghai consultant workplace. It would advise QNB’s shoppers in China on their outbound progress by means of Hong Kong as a base and can hyperlink with Singapore to cowl South East Asia area.
In its keenness to develop into a number one financial institution within the Center East, Africa and South East Asia, the Group’s presence in Hong Kong displays its dedication to develop a profitable market growth technique, by means of in-depth perception and understanding.
It’s price mentioning that QNB already has a presence in Asia, by means of branches in Singapore and India, a subsidiary in Indonesia, and consultant places of work in China, Vietnam and Myanmar.
The QNB Group’s presence by means of its subsidiaries and affiliate firms extends to greater than 31 nations throughout three continents, offering a complete vary of superior services and products. The whole variety of staff is greater than 28,000 working by means of 1,000 areas, with an ATM community of greater than 4,600 machines.
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SOURCE QNB Group