Qatar bank will offer a range of financial services.

QNB, Qatar National Bank, Group, the largest financial institution in the Middle East and Africa, has recently commenced operations from Mumbai, offering a full spectrum of banking products and services to Asian region.

The start of the Group’s operations in India comes in support of its vision to become a leading bank in the Middle East, Africa, and Southeast Asia by 2020, in addition to establishing a foothold in highly competitive markets, said a statement from QNB.

Through its new branch in India, the Group will offer its rich experience in wealth management, investment portfolios, project finance, and the provision of smart banking solutions and a range of innovative products and services designed to suit the requirements of the Indian market.

India has expanding trade and population ties with Qatar and the Middle East region more broadly. In particular, India is the third largest importer of liquefied natural gas from Qatar, said the statement.

QNB Group’s total assets reached US$211 billion as of 30 June 2017, the highest ever achieved by the Group, and net profit for the six months ended 30 June 2017 reached US$1.8 billion.

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. fii-news.com