DOCSLIB.ORG

27,300 Employees Operating at 1,200 Branches in 30 Countries

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
27,300 Employees Operating at 1,200 Branches in 30 Countries Press release Following QNB’s acquisition of Turkey’s Finansbank 27,300 employees operating at 1,200 branches in 30 countries Doha, 15 June-2016, QNB Group, a leading financial institution in the Middle East and Africa, announced today, that it has completed the acquisition of 99.81% stake in Finansbank A.Ş. in Turkey. This transaction is a significant milestone in QNB Group’s strategy of international expansion. With the addition of Turkey as a new market and one of the leading Turkish banks to its network, QNB Group further extends its international presence and will be able to increasingly benefit from the rapid development of trade and the strengthening of economic ties between Turkey and the Middle East in general, as well as between Qatar and Turkey in particular. This also reflects QNB Group’s confidence in the long-term prospects of the financial sector and economy of Turkey. Finansbank is the 5th largest privately owned universal bank in Turkey by total assets, customer deposits and loans. The bank has organically grown into a leading financial institution with a proven and experienced management team. With a nationwide distribution network of over 620 branches and more than 12 thousand employees, it has more than 5.3 million active customers. As of 31 March 2016, Finansbank has US$32.0 billion of assets, US$21.8 billion in loans and US$17.3 billion in deposits and total equity amounted to US$3.8 billion as per International Financial Reporting Standards. QNB Group’s Chief Executive Officer Ali Ahmed Al-Kuwari stated: “This transaction is a breakthrough in QNB’s vision to becoming a Middle East and Africa Icon by 2017. Our strategy is to focus on high-growth markets where we see a competitive advantage. Turkey, with its significant market size, population, growth track record, strong economic and banking sector and strategic location as a gateway between Europe, Asia and Africa, represents such a market. We are very excited to be part of Turkey’s and Finansbank’s future development and further enhancing the overall connectivity with international markets and bring Finansbank to the next level as part of the QNB Group” QNB Group currently owns 99.81% of Finansbank and will launch a Mandatory Tender Offer (MTO) in Turkey for the remaining 0.19%. Also commenting on the acquisition, Ömer Aras, the Chairman and Group CEO of Finansbank said: “The acquisition signifies a thrilling milestone for Finansbank. We are extremely excited to enter into a new era and be part of the QNB Group, and this deal represents a perfect proof of Finansbank’s excellence and globally acknowledged standards. We believe that this acquisition will allow us to take Finansbank to a new level and offer exceptional services for our customers and stakeholders through the large international QNB network which we are now part of.” QNB Group has steadily grown to be the biggest bank in Qatar and a leading financial institution in the Middle East and Africa region. It is considered the most valuable banking brand in the Middle East and Africa and is the highest rated bank among the international banks operating in Turkey. The Group’s presence with the recent inclusion of Finansbank now spans more than 30 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 27,300 operating through more than 1,200 locations, with an ATM network of more than 4,300 machines. -ENDS- QNB Group Qatar National Bank S.A.Q (QNB Group) was established in 1964 as the country’s first Qatari-owned commercial bank, with an ownership structure split between the Qatar Investment Authority (50%) and (50%) held by members of the public. QNB Group has steadily grown to be the biggest bank in Qatar and the leading financial institution in the Middle East and Africa region. For the three months ended 31 March 2016, the Group recorded a net profit of QAR2.9 billion (USD787 million), up by 7% compared to the same period last year. Total assets increased by 10% from March 2015 to reach QAR550 billion (USD151.1 billion), the highest ever achieved by the Group. This was driven by a growth rate of 16% in loans and advances to reach QAR402 billion (USD110.4 billion). QNB Group continued its robust international expansion. During 2016, the Group finalised the acquisition of 99.81% stake in Finansbank A.Ş. in Turkey. The Group also commenced operations in Myanmar through a representative office. In 2015, the Group officially started operating its “Qatar National Bank S.A.Q-. Chi Minh City Representative Office” in Vietnam. In addition, QNB received approval from the Saudi cabinet to open a branch in the Kingdom, this process has commenced. QNB owns a 20.0% stake in Ecobank Transnational Incorporated (Ecobank), the leading pan-African bank. In 2013, the Group successfully completed the acquisition of a controlling stake of the second largest private bank in Egypt, QNB ALAHLI, amounting to 97.12%. The Group has also extended its regional reach by acquiring stakes in various financial institutions including 35% stake in the Jordan-based, the Housing Bank for Trade and Finance (HBTF), 40% in Commercial Bank International (CBI) based in the United Arab Emirates (UAE), 99.96% of QNB Tunisia, 51% in the Iraqi-based Al- Mansour Investment Bank, 49% of the Libyan based Bank of Commerce & Development and 20% stake in Al Jazeera Finance Company in Doha. QNB Group also retains 51% stake in QNB-Syria and an 82.59% stake in QNB Indonesia. With the recent inclusion of Finansbank, the Group’s presence through its subsidiaries and associate companies now extends to more than 30 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 27,300 operating through more than 1,200 locations, with an ATM network of more than 4,300 machines. QNB Group has maintained its position as one of the highest rated regional banks from leading credit rating agencies including Standard & Poor’s (A+), Moody’s (Aa3), Fitch (AA-), and Capital Intelligence (AA-). The Bank has also been the recipient of many awards from leading international specialised financial publications. The Group provides an array of investment banking services through its subsidiary, QNB Capital, to corporate, government and institutional clients within Qatar and globally. QNB Capital has one of the best corporate finance teams in the GCC region offering extensive transaction experience and in depth advisory – including mergers and acquisitions, equity and debt capital markets, and project financing advisory. The Group also offers brokerage services through its subsidiary, QNB Financial Services (QNB FS), the first independently regulated, licensed brokerage company launched by a bank in Qatar. QNB FS offers a multi-market, multi-currency trading platform with access to several markets. Based on the Group’s consistent strong financial performance and its expanding international presence, QNB is currently ranked as the most valuable bank brand in The Middle East and Africa, according to Brand Finance Magazine. Bloomberg Markets, the leading provider of Business, Financial and Economic news, has been ranking QNB as “One of the World’s Strongest Banks” since 2013. The Global Finance Magazine ranked QNB as “One of The Top 50 Safest Banks in the World” in 2013. For two consecutive years, 2014 and 2015, the Bank was recognized as “The Best Bank in The Middle East” by Euromoney Magazine. QNB Group has an active community support program and sponsors various social, educational and sporting events. Finansbank A.Ş – Turkey Finansbank, established in Turkey in 1987, is a subsidiary of QNB, and is one of the 5th largest private banks operating in the country. Finansbank serves more than 5.3 million customers through more than 12,000 banking professionals. Finansbank operates through a large corporate and retail platform complemented by ancillary services including investment banking, brokerage, leasing, factoring and asset management. Finansbank has over 620 branches, covering 71 out of 81 cities of Turkey. .
Load more

Recommended publications
  • Ecobank Group Annual Report 2018 Building
    BUILDING AFRICA’S FINANCIAL FUTURE ECOBANK GROUP ANNUAL REPORT 2018 BUILDING AFRICA’S FINANCIAL FUTURE ECOBANK GROUP ANNUAL REPORT 2018 ECOBANK GROUP ANNUAL REPORT CONTENTS 05 Performance Highlights 08 Ecobank is the leading Pan-African Banking Institution 09 Business Segments 10 Our Pan-African Footprint 15 Board and Management Reports 16 Group Chairman’s Statement 22 Group Chief Executive’s Review 32 Consumer Bank 36 Commercial Bank 40 Corporate and Investment Bank 45 Corporate Governance 46 Board of Directors 48 Directors’ Biographies 53 Directors’ Report 56 Group Executive Committee 58 Corporate Governance Report 78 Sustainability Report 94 People Report 101 Risk Management 141 Business and Financial Review 163 Financial Statements 164 Statement of Directors’ Responsibilities 165 Auditors’ Report 173 Consolidated Financial Statements 178 Notes to Consolidated Financial Statements 298 Five-year Summary Financials 299 Parent Company’s Financial Statements 305 Corporate Information 3 ECOBANK GROUP ANNUAL REPORT 3 PERFORMANCE HIGHLIGHTS 5 ECOBANK GROUP ANNUAL REPORT PERFORMANCE HIGHLIGHTS For the year ended 31 December (in millions of US dollars, except per share and ratio data) 2018 2017 Selected income statement data Operating income (net revenue) 1,825 1,831 Operating expenses 1,123 1,132 Operating profit before impairment losses & taxation 702 700 Impairment losses on financial assets 264 411 Profit before tax 436 288 Profit for the year 329 229 Profit attributable to ETI shareholders 262 179 Profit attributable per share ($): Basic
    [Show full text]
  • Base Prospectus
    BASE PROSPECTUS QNB FİNANSBANK A.Ș. US$5,000,000,000 Global Medium Term Note Programme Under this Global Medium Term Note Programme (the “Programme”), QNB Finansbank A.Ș., a banking institution organised as a joint stock company under the laws of the Republic of Turkey (“Turkey”) registered with the İstanbul Trade Registry under number 237525 (the “Bank” or the “Issuer”), may from time to time issue notes (the “Notes”) denominated in any currency agreed between the Issuer and the relevant Dealer(s) (as defined below) or investor(s). Notes may be issued in either bearer or registered form (respectively, “Bearer Notes” and “Registered Notes”); provided that the Notes may be offered and sold in the United States only in registered form except in certain transactions permitted by U.S. tax regulations. As of the time of each issuance of Notes, the maximum aggregate nominal amount of all Notes outstanding under the Programme will not exceed US$5,000,000,000 (or its equivalent in other currencies calculated as described in the Programme Agreement described herein), subject to increase as described herein. The Notes may be issued from time to time to: (a) one or more of the Dealers specified under “General Description of the Programme - The Programme” and any additional Dealer(s) appointed under the Programme from time to time by the Issuer (each a “Dealer”), which appointment may be for a specific issue or on an ongoing basis, and/or (b) one or more investor(s) purchasing Notes (or beneficial interests therein) directly from the Issuer. INVESTING IN THE NOTES INVOLVES RISKS.
    [Show full text]
  • QNB Posts Net Profit of QR3.6Bn for 1Q 2020
    BUSINESS BUSINESS | 04 BUSINESS | 05 Qatar Steel becomes Malpass upbeat first Mideast company on prospects for to achieve “1 Rosette” progress on rating from UK CARES debt relief MONDAY 13 APRIL 2020 QNB posts net profit of QR3.6bn GIS optimistic for 1Q 2020; total assets up 9% about 2020 growth MOHAMMAD SHOEB THE PENINSULA THE PENINSULA — DOHA MEA region, reflecting the high Total Assets reached quality of the Group’s loan Gulf International Services (GIS), QNB Group, the largest financial QR964bn ($265bn), an book and the effective man- one of the largest services groups institution in the Middle East agement of credit risk. in Qatar, is well-placed to and Africa (MEA) region, increase of 9 percent Also during this quarter improve its performance in reported a net profit of QR3.6bn from 31 March 2019. QNB Group increased its loan terms of revenue and profita- ($1.0bn) for the three months Strong growth in loss provisioning by QR272m bility in 2020 on the back of ended March 31, 2020, in line ($75m), as a precautionary public-sector initiatives such as with March 2019 profitability. Loans and advances measure in light of the recent Qatar’s North Field Expansion Total Assets reached by 13 percent to turmoil due to covid-19 pan- (NFE) project, the 2022 FIFA QR964bn ($265bn), an increase reach QR708bn demic and the associated World Cup and Qatar’s 2030 of 9 percent from March 31, ($194bn), contributed issues arising from lockdown National Vision plan, all of which 2019. Strong growth in Loans and slowdown in the key are supporting the positive and advances by 13 percent to to the growth in Total markets where QNB Group outlook for Group, noted the Sheikh Khalid bin Khalifa Al Thani, reach QR708bn ($194bn), con- Assets.
    [Show full text]
  • QNB Finance Ltd
    QNB Finance Ltd Issue of U.S.$1,500,000,000 Floating Rate Notes due 2021 (the "Notes") Guaranteed by Qatar National Bank (Q.P.S.C.) under the U.S.$17,500,000,000 Medium Term Note Programme Issue Price: 100 per cent. Issue Date: 31 May 2018 This information package includes the prospectus dated 2 November 2017 and the supplement(s) thereto dated 27 April 2018 in relation to the U.S.$17,500,000,000 Medium Term Note Programme of QNB Finance Ltd (the " Issuer ") (the "Prospectus ") and the Final Terms dated 23 May 2018 in respect of the Notes (the " Final Terms ", and together with the Prospectus, the "Information Package "). The Notes will be issued by the Issuer and guaranteed by Qatar National Bank (Q.P.S.C.). Application will be made by the Issuer for the Notes to be listed on the Taipei Exchange (" TPEx ") in the Republic of China (the " ROC "). The Notes will be listed on TPEx pursuant to the applicable rules of TPEx. The effective date of the listing and trading of the Notes is on or about 31 May 2018. TPEx is not responsible for the content of the Information Package and no representation is made by TPEx as to the accuracy or completeness of the Information Package. TPEx expressly disclaims any and all liability for any losses arising from, or as a result of the reliance on, all or part of the contents of this Information Package. The admission to listing and trading of the Notes on TPEx shall not be taken as an indication of the merits of the Issuer or the Notes.
    [Show full text]
  • QNB Among Top 40 Global Banks by Market
    Business MONDAY 1 FEBRUARY 2021 UK to apply for Trans-Pacific trade bloc membership Applying to be the first new country to join the CPTPP demonstrates our ambition to do business on the best terms with our friends and partners all over the world. Boris Johnson UK Prime Minister BUSINESS | 04 QSE 10,473.50 -71.04 (0.67%) FTSE 100 6,407.46 −118.69 (1.82%) DOW 29,957.56 −645.80 (2.11%) BRENT$55.09 (+0.04) QNB Group Ordinary General Assembly QNB among top meeting approves cash dividend of 45% 40 global banks THE PENINSULA — DOHA QNB Group, the largest financial by market cap institution in the Middle East and Africa, held its Ordinary General Assembly meeting SACHIN KUMAR the most valuable banking brand yesterday, during which it THE PENINSULA in the Middle East and Africa, approved the Group’s audited increasing its brand value to financial statements for the year Demonstrating resilience in a more than $6bn in The Banker’s ended 31 December 2020. The challenging environment, QNB Brand Finance Global 500 2020 Ordinary General Assembly Group achieved several mile- report. Its Brand Strength Index approved a proposal by the stones last year. QNB (BSI) increased to 82 out of 100, Board of Directors to distribute strengthend its position as one driven by its strong financial per- a cash dividend of 45 percent of the world’s top 40 banks in formance and growing interna- of the nominal share value terms of market capitalisation. tional footprint. (representing QR0.45 per “During 2020, QNB Group QNB Group Chief Executive share).
    [Show full text]
  • QNB ALAHLI Enjoys a Blend of Local Experience, Based on Years of Confidence in the Egyptian Market, and the International Expertise of QNB Group
    QNB ALAHLI enjoys a blend of local experience, based on years of confidence in the Egyptian market, and the international expertise of QNB Group. 2 — QNB ALAHLI Annual Report 20192018 Overview As part of QNB Group, we at QNB ALAHLI, Strategic Report seek to contribute to the group’s aspiration to become a leading bank in MEASEA by 2020 and a global icon in 2030. Read more about our Strategy on page 12 Performance Operational Contents Corporate Social Responsibility Overview 4 QNB ALAHLI Chairman and Managing Director’s Statement Assets Net profit 6 Board of Directors EGP 273,014 m EGP 8,522 m Strategic Report 10 QNB ALAHLI at a glance Risk Management Net Profit YOY Earnings Per Governance and 12 QNB ALAHLI’s Strategy growth share Corporate 16 Delivering sustainable results 18 Creating and delivering value 18% EGP 7.63 Operational Performance Read more in our Financial statements section on page 44 22 Wholesale and Commercial banking Separate Financial 23 Retail banking Statements 25 Small and Medium Enterprises Corporate Social Responsibility 28 QNB ALAHLI’s corporate social responsibility Corporate Governance and Risk Consolidated Statements Management Financial 32 Corporate Governance 38 Internal Audit 40 Compliance 42 Risk Management Financial Statements Branches Network 44 Separate Financial Statements 110 Consolidated Financial Statements 184 QNB ALAHLI’s Branches Network QNB ALAHLI Annual Report 2019 — 3 QNB ALAHLI During 2020, we will continue to provide the best Chairman & Managing and most innovative digital banking products Director’s Statement and services to meet our customers’ needs while ensuring speed of service and full compliance with safety standards.
    [Show full text]
  • Processor Names
    Processor Names Reference Guide © 2021. Cybersource Corporation. All rights reserved. Cybersource Corporation (Cybersource) furnishes this document and the software described in this document under the applicable agreement between the reader of this document (You) and Cybersource (Agreement). You may use this document and/or software only in accordance with the terms of the Agreement. Except as expressly set forth in the Agreement, the information contained in this document is subject to change without notice and therefore should not be interpreted in any way as a guarantee or warranty by Cybersource. Cybersource assumes no responsibility or liability for any errors that may appear in this document. The copyrighted software that accompanies this document is licensed to You for use only in strict accordance with the Agreement. You should read the Agreement carefully before using the software. Except as permitted by the Agreement, You may not reproduce any part of this document, store this document in a retrieval system, or transmit this document, in any form or by any means, electronic, mechanical, recording, or otherwise, without the prior written consent of Cybersource. Restricted Rights Legends For Government or defense agencies: Use, duplication, or disclosure by the Government or defense agencies is subject to restrictions as set forth the Rights in Technical Data and Computer Software clause at DFARS 252.227-7013 and in similar clauses in the FAR and NASA FAR Supplement. For civilian agencies: Use, reproduction, or disclosure is subject to restrictions set forth in subparagraphs (a) through (d) of the Commercial Computer Software Restricted Rights clause at 52.227-19 and the limitations set forth in Cybersource Corporation's standard commercial agreement for this software.
    [Show full text]
  • QNB Investor Presentation for December 2015
    Investor Relations Presentation December 2015 Contents 1. QNB at a Glance 2. QNB Comparative Positioning – Qatar and MENA 3. Financial Highlights – as at 31 December 2015 4. Economic Overview Notes: All figures in US Dollars have been converted from Qatari Riyals based on the exchange rate of 1 US Dollar = 3.6405 Qatari Riyals In certain cases, numbers may be rounded for presentation purposes 2 QNB at a Glance QNB at a Glance: Overview Overview • Established in 1964 as the first Qatari owned Financials2 (in USD billion) bank • Owned (50%) by the Government of Qatar via 2015 2014 5yr CAGR the Qatar Investment Authority (QIA) Total Assets 147.9 133.6 19% • Largest bank in Qatar by market cap., assets, Loans & Advances 106.7 92.9 loans, deposits and profit. 25% • Largest bank in MENA by total assets, loans, Deposits 108.6 98.2 19% deposits and profit. 3 Operating Income 4.5 4.3 16% Profit4 3.1 2.9 Credit Rating Capital 15% Moody's S&P Fitch Intelligence Coverage Ratio 127% 124% - LT Aa3 A+ AA- AA- NPL Ratio 1.4% 1.6% - ST P-1 A-1 F1+ A1+ Net Interest Margin 2.80% 2.86% - Outlook Stable Stable Stable Stable Key Strengths Presence • QNB Group, subsidiaries and associate companies Leading Domestic operate in more than 27 countries around the world Commitment to Training Leading Regional Presence across 3 continents, through more than 635 & Development of Presence and Growing locations, supported by more than 1,390 ATMs and Personnel International Network employing more than 15,200 staff.
    [Show full text]
  • Investor Presentation with 9M'17 Financials
    Investor Presentation with 9M’17 Financials October 2017 Executive summary Structurally attractive Turkish Economy Underpinning A Dynamic Banking Sector • Turkish market presents a strong opportunity among emerging markets thanks to large and growing economy energized by a highly attractive demographic profile • In this macro backdrop, banking sector has a promising future, with growth opportunities implied by current product and volume penetration figures, and a profitability higher than that of emerging market peers • Tight monetary stance of the Central Bank helped ease the currency volatility paving the way for realization of growth objectives • With positive impact from macro incentives headlined by the Credit Guarantee Fund program, strong growth returned to lending One of the Top Performing Banks in the Market • QNB Finansbank is one of the strongest players in this market with 5th ranking across most categories among privately owned banks • It has a very strong distribution network balanced between a branch footprint covering 99% of banking business in the market and best in market digital offerings • It has shown strong financial performance beyond its scale even in most volatile market conditions driven by differentiation, adaptability and right people brought together New Shareholder Opens a New Frontier to QNB Finansbank • Recent acquisition by QNB positions QNB Finansbank as the Turkish bank with the strongest shareholder • QNB is the largest player in Middle East and Africa by all critical measures and has the highest ratings
    [Show full text]
  • Qnbfs.Com.Qa Doha, Qatar
    QSE Intra-Day Movement Market Indicators 30 Jun 21 29 Jun 21 %Chg. Value Traded (QR mn) 502.9 430.0 17.0 10,780 Exch. Market Cap. (QR mn) 622,395.0 623,244.1 (0.1) Volume (mn) 205.6 214.3 (4.1) 10,760 Number of Transactions 9,805 11,020 (11.0) 10,740 Companies Traded 45 46 (2.2) Market Breadth 25:13 34:10 – 10,720 Market Indices Close 1D% WTD% YTD% TTM P/E 10,700 Total Return 21,242.03 (0.2) (0.3) 5.9 18.1 All Share Index 3,407.53 (0.1) (0.3) 6.5 18.9 9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00 Banks 4,507.85 (0.2) (0.1) 6.1 15.7 Industrials 3,586.88 0.1 0.2 15.8 27.6 Qatar Commentary Transportation 3,359.62 (0.0) (0.1) 1.9 21.6 Real Estate 1,755.43 (1.4) (1.8) (9.0) 16.6 The QE Index declined 0.2% to close at 10,730.7. Losses were led by the Real Estate and Insurance indices, falling 1.4% and 0.6%, respectively. Top losers were Barwa Insurance 2,606.39 (0.6) (1.8) 8.8 23.1 Real Estate Company and Mannai Corporation, falling 3.3% and 2.4%, respectively. Telecoms 1,076.23 0.1 (2.7) 6.5 28.5 Among the top gainers, Qatari German Co for Med. Devices gained 7.7%, while Consumer 8,100.23 0.6 (0.6) (0.5) 27.2 Investment Holding Group was up 6.6%.
    [Show full text]
  • List of Largest Banks
    List of largest banks These are lists of the banks in the world, as measured by total assets.[1] Contents By total assets Banks by country or territory By market capitalization Banks by country or territory See also References The ICBC building on the Bund, Shanghai. By total assets The list is based on the April, 2020 S&P Global Market Intelligence report of the 100 largest banks in the world.[1] The ranking was based upon assets as reported and was not adjusted for different accounting treatments.[1] Accounting treatment affects the assets reported: for example, the United States uses US GAAP (as opposed to IFRS), which only reports the net derivative position in most cases, leading to US banks having fewer derivative assets than comparable non-US banks.[2] If JPMorgan Chase reported under the IFRS, it would be ranked 2nd in the list as of 2020, rather than 4th.[1] Total assets Rank Bank name (2020) (US$ Billion) 1 Industrial and Commercial Bank of China 4,324.27 2 China Construction Bank 3,653.11 3 Agricultural Bank of China 3,572.98 4 JPMorgan Chase 3,386.07[3] 5 Bank of China 3,270.15 6 HSBC 2,984.16 7 Mitsubishi UFJ Financial Group 2,892.97 8 Bank of America 2,819.15 9 BNP Paribas 2,398.01 10 Crédit Agricole 2,278.79 11 Japan Post Bank 1,984.62 12 SMBC Group 1,954.78 13 Citigroup Inc. 1,951.16 14 Wells Fargo 1,927.26 15 Mizuho Financial Group 1,874.89 16 Banco Santander 1,702.61 17 Société Générale 1,522.05 18 Barclays 1,510.14 19 Groupe BPCE 1,501.59 20 Postal Savings Bank of China 1,467.31 21 Deutsche Bank 1,456.26 22 Bank of Communications
    [Show full text]
  • Prospectus QNB USD 330000K Floating Rate
    QNB Finance Ltd Issue of U.S.$ 330,000,000 Floating Rate Notes due 2021 (the "Notes") Guaranteed by Qatar National Bank S.A.Q. under the U.S.$12,500,000,000 Medium Term Note Programme Issue Price: 100 per cent. Issue Date: 18 July 2016 This information package includes the prospectus dated 3 November 2015 and the supplement thereto dated 27 January 2016 in relation to U.S.$12,500,000,000 Medium Term Note Programme (the "Prospectus") and the Final Term dated 5 July 2016 in respect of the Notes (the "Final Terms" together with the Prospectus, the "Information Package"). The Notes will be issued by QNB Finance Ltd (the "Issuer") and guaranteed by Qatar National Bank S.A.Q. Application will be made by the Issuer for the Notes to be listed on the Taipei Exchange ("TPEx") in the Republic of China (the "ROC"). The Notes will be listed on TPEx pursuant to the applicable rules of TPEx. Effective date of listing and trading of the Notes is on or about 18 July 2016. TPEx is not responsible for the content of the Information Package and no representation is made by TPEx to the accuracy or completeness of the Information Package. TPEx expressly disclaims any and all liability for any losses arising from, or as a result of the reliance on, all or part of the contents of this Information Package. Admission to the listing and trading of the Notes on TPEx shall not be taken as an indication of the merits of the Issuer or the Notes.
    [Show full text]