QNB Group, a lender with its primary operations situated in the Middle East and Africa, has announced the opening of its first branch in Hong Kong, as it seeks to expand its reach in the market in Asia.
The new facility represents a huge stride in the company’s plan to establish a link between its operations in the Middle East and Africa and the potential-rich market in Hong Kong and Mainland China.
The CEO of the group, Abdulla Mubarak Al-Khalifa said, “We are pleased to announce the official opening of our first branch in Hong Kong, one of the most attractive markets in the world.”
The team in the Hong Kong unit will serve as advisors and educate QNB client’s in China on the firm’s outbound growth. They will also offer corporate banking services, including FX services, financing, treasury and investments, and syndication strategies among others.
The Hong Kong unit will also partner with other arms of the institution’s network across the globe, particularly the units in Shanghai and Singapore.
Within Asia, QNB has a presence in Singapore and India, a subsidiary in Indonesia, and representative offices in China, Vietnam, and Myanmar. Across the globe, the firm operates and serves 31 nations with a team of 28,000 workers.
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