back Back

QNB establishes its footprint in Asia with Hong Kong entry

By Leandra Monteiro

July 12, 2021

  • Hong Kong
  • Qnb

QNB, Asia, Hong Kong, financial hub, China, Middle East, QNB Group, the largest financial institution in the Middle East and Africa, has opened officially its branch in Hong Kong, an important global financial hub.

Commenting on the occasion, QNB Group CEO, Mr. Abdulla Mubarak Al-Khalifa said, “We are pleased to announce the official opening of our first branch in Hong Kong, one of the most attractive markets in the world. As part of our Group’s strategy to expand into strategically located markets with excellent infrastructure and a business friendly environment, we are planning to continue diversifying our sources of revenue and profit, particularly in the MEASEA markets.”

As a newcomer to the market, QNB seeks to position itself as a reputable foreign bank to customers with trade and investment flows between Hong Kong, the Middle East, Africa, and Mainland China. The Branch aims to facilitate cross border business with a range of corporate banking products and services, treasury and investments, foreign exchange solutions, syndication strategies, and project financing.

Hong Kong is the gateway for the Group’s clients to Mainland China and wider Asia. The new Branch will work closely with the Group’s global network, and particularly the Singapore branch and Shanghai representative office. It will advise QNB’s clients in China on their outbound growth through Hong Kong as a base and will link with Singapore to cover Southeast Asia region.

In its keenness to become a leading bank in the Middle East, Africa and South East Asia, the Group’s presence in Hong Kong reflects its commitment to develop a successful market expansion strategy, through in-depth insight and understanding.

QNB already has a presence in Asia, with branches in Singapore and India, a subsidiary in Indonesia, and representative offices in China, Vietnam and Myanmar. The QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents, providing a comprehensive range of advanced products and services.

Previous Article

July 12, 2021

Kirobo processes $1 billion via its Undo Button, saves $6 million

Read More
Next Article

July 12, 2021

Pundi X partners with OVO Dijital Servisler to bring crypto transactions to Turkey

Read More

IBSi Daily News Analysis

June 21, 2024

Hong Kong

Industry experts react after India FIU fines Binance $2.2m, signaling tougher digital asset regulations

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 19, 2024

Dineo Crédito taps Mambu to bolster lending capabilities in Spain

Read More

June 17, 2024

Mastercard taps Thought Machine to advance its core banking capabilities

Read More

June 14, 2024

Avaloq & Comyno team up to launch securities financing solution

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023