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    QNBK   QA0006929895

QATAR NATIONAL BANK (Q.P.S.C.)

(QNBK)
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QNB Group Expands its Footprint in Asia with Hong Kong Branch Opening

07/08/2021 | 02:34pm EDT

QNB Group has opened officially its branch in Hong Kong. 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. It is a major trade hub accounting for USD 1,077.5 billion in imports and exports. The 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 South East 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. The expansion is part of QNB Group’s 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.


ę S&P Capital IQ 2021
Stocks mentioned in the article
ChangeLast1st jan.
MSCI SINGAPORE (GDTR) 0.04% 6764.805 Real-time Quote.15.62%
QATAR NATIONAL BANK (Q.P.S.C.) 1.12% 19.84 End-of-day quote.11.27%
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Analyst Recommendations on QATAR NATIONAL BANK (Q.P.S.C.)
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Financials
Sales 2021 27 188 M 7 469 M 7 469 M
Net income 2021 13 178 M 3 620 M 3 620 M
Net Debt 2021 - - -
P/E ratio 2021 14,6x
Yield 2021 2,75%
Capitalization 186 B 51 225 M 51 232 M
Capi. / Sales 2021 6,86x
Capi. / Sales 2022 6,55x
Nbr of Employees 30 000
Free-Float 48,1%
Chart QATAR NATIONAL BANK (Q.P.S.C.)
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Technical analysis trends QATAR NATIONAL BANK (Q.P.S.C.)
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Last Close Price 19,84 QAR
Average target price 21,24 QAR
Spread / Average Target 7,08%
EPS Revisions
Managers and Directors
Abdulla Mubarak Nasser Al-Khalifa Group Chief Executive Officer
Ramzi Talat Abdel Jawwad Mari Chief Financial Officer
Fahad bin Faisal bin Thani Al Thani Chairman
Adel Ali Mohammed Hasan Al-Malki Group General Manager-Information Technology
Ali Rashid Ali Al-Mosnad Al-Mohannadi Chief Operating Officer & Executive GM