QFBQ: Opening Price: 1.868 | High: 1.91 | Low: 1.868 | Closing Price: 1.892 | Volume: 1,361,281 | 0.793 % NEWS: Qatar First Bank Achieves Net Profit of QAR 62 million for the Nine Months Period Ending 30 September 2021
News
02 October 2021

Qatar First Bank was named “Best Corporate and Investment Bank” in Qatar at Asiamoney Best Bank Awards 2021

QFB is pleased to announce its recognition as the “Best Corporate and Investment Bank” in Qatar at the Asiamoney Middle East’s Best Bank Awards 2021.

This accolade is a testimony to the Bank’s continued success in delivering top-quality and best income-generating risk adjusted investment products to its trusted clients with international exposure through a Sharia’ah compliant platform.

QFB’s strength was reflected in the numerous Shari’ah compliant investments which provide an opportunity for local investors to enter the US real estate market.

QFB recorded a laudable performance by increasing its Assets Under Management (AUM) and the number of real estate investments, offering a competitive return to its clients despite the challenges of the global pandemic while remaining active across all its business lines. QFB’s AUM have witnesses a growth of more than 267% over the last 2 years and investment clients have increased by more than 225%.

Moreover, QFB’s corporate banking, Investment and Private Banking team has completed timely initiatives to further strengthen the Bank’s position and expand the client base. The Bank continues to invest in further product and service improvements and has successfully added a new revenue stream by placing investment products with their clients.

QFB is continuously looking for secure investment opportunities that ensure further consistency of the Bank’s overall portfolio returns, locally and regionally. The Bank changed its business model to a fee income-based one with a focus on liquid US real estate market. Furthermore, the Bank received an overwhelming demand for its investments products while focusing on offering tailor-made financial solutions.

Sheikh Faisal bin Thani Al-Thani, Chairman of QFB said: “We are proud to be receiving this prestigious award from Asiamoney, which is a recognition of the Bank’s positive outcome. QFB continues to deliver investments opportunities for its clients with international exposure through a Shari’ah compliant platform and is committed to achieving a leading position in the local market and beyond. QFB’s positive outcome of all key growth indicators is a proof for this recognition and thanks to the trust of our esteemed clients and shareholders, we are committed to offer more seamless investment opportunities”.

Qatar First Bank is the first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority (QFCRA) and a listed entity on the Qatar Stock Exchange (QSE: QFBQ)