Qatar National Bank is country’s Best Sub-custodian bank for 2021

By Ashika Rajan, Trainee Reporter
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The Middle East and Africa’s (MEA) largest financial institution Qatar National Bank (QNB) Group has been awarded the “Best Sub-custodian Bank in Qatar” for 2021 by the US-based “Global Finance” magazine.

The award salutes the best banking service providers in local markets and regions based on several criteria to measure their performance and ability to serve their markets including customer relations, quality of service, technology platforms, business continuity plans, and knowledge of local regulations and practices.

The new milestone underscores QNB’s success in improving the performance of its custody services and providing an integrated set of innovative products and specialized advisory services to capital market transactions and brokerage company’s clients.

On the other hand, the bank was eager to embrace good corporate governance and best practices, which would help to boost investment returns and long-term sustainable growth opportunities in the regional markets where it operates.

This achievement shows the group’s ability to respond to COVID-19’s challenges and put in place new measures to aid business recovery post-COVID-19 by providing innovative digital banking solutions for a more sustainable and resilient route.

The QNB Group has a presence in more than 31 countries across three continents through its subsidiaries and affiliate firms, providing a broad variety of advanced products and services. The company employs over 27,000 people across 1,000 sites and has a network of over 4,400 ATM machines.

Global Finance Magazine

Global Finance is a US-based magazine that provides free country economic reports; gross domestic production (GDP) and trade statistics, best bank listings, and financial news. The magazine is distributed in 158 countries, with 50,050 global subscribers and recipients.

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