Doha: QNB Group, the largest financial institution in the Middle East and Africa, received two awards for “Best Foreign Currency Provider in the Middle East” and “Best Foreign Currency Provider in Qatar” under the GW Platt Foreign Exchange Prizes awarded by Global Finance.
This prestigious recognition is the latest in a long list of accolades QNB has received from Global Finance, the most recent of which were “Best Private Bank in the Middle East” and “Best Private Bank in Qatar”.
This new achievement underlines QNB’s leadership in developing innovative banking solutions and providing high quality foreign exchange services to its clients in local and regional markets. It also reflects the Bank’s constant efforts to provide the most comprehensive treasury solutions, in a way that serves the best interests of clients and improves their banking experience.
QNB’s foreign exchange solutions help clients manage the risks associated with foreign trade and currency exposure. For companies exposed to fluctuations in interest rates, the bank has developed the right interest rate hedging solutions that follow changing market needs to help mitigate the associated risks.
As part of its 22nd annual awards program for the world’s best foreign exchange providers, Global Finance has renamed the annual foreign exchange awards to the GW Platt Foreign Exchange Awards.
The selection criteria for the Foreign Currency Provider Award winners included transaction volume, market share, extent of global coverage, customer service, competitive pricing and innovative technologies. Global Finance also took into account bank submissions, contributions from industry analysts, business executives and technology specialists.