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FinancialNews
05-04-18
QNB targets Southeast Asia markets for profit boost
(MENAFN) Qatar National Bank (QNB) was declared to have set a target to reach 5-8 percent boost in its profits in 2018 through marking a rapid growth in Southeast Asia markets.
Group Chief Executive Ali Ahmed al-Kuwari also confirmed the bank to be aiming for an increase in loans and investments by 10-12 percent.
Speaking to Reuters, the CEO explained "our strategy and vision is to become among the leading banks in the Middle East, Africa and Southeast Asia."
He continued "we have expanded our region to include Southeast Asia by 2020 and to be one of the main players in the Southeast Asia region."
MENAFN0504201800450000ID1096696642
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