QNB officially begins its operations in Libya

[tolibya]

The opening of the new office is in line with QNB's plans to expand its international presence and enhance its international profile. The new representative office will allow QNB to source business in Libya for referral on to the wider QNB Group.

Mr. Ali Shareef Al Emadi, QNB's Acting Chief Executive highlighted: 'This move will be of great value to QNB and to the Qatari economy at large as emerging opportunities will boost the business trade between Qatar and Libya. This accomplishment has been a major milestone owing to the distinguished relations between the two sisterly countries. Through the new representative office, QNB will help to better serve both Qatari and Libyan businesses in both countries.'

'We are confident that both countries will benefit from this step and this new achievement will certainly brand QNB as a leading bank not only in Qatar, but also in the region,' said Mr. Al Emadi.

QNB was recently granted official approval to establish full-fledged branches in Yemen, Kuwait and Oman, as well as a representative office in Singapore. In addition to its existing London and Paris branches, QNB has a Representative Office in Iran.

The fully QNB owned Ansbacher Group provides private banking and wealth management services through its offices in the United Kingdom, Switzerland, the Channel Islands, the Bahamas, Qatar Financial Center and the Dubai International Financial Center. With Libya, the QNB Group's international presence grows to 15 countries