Qatar National Bank eyes South-East Asia

Al Kuwari: ‘What we promised our shareholders is 15 return on equity – still this is excellent and a dream for many banks to achieve.’ – Reuters

DOHA: Qatar National Bank SAQ, the biggest bank in the Middle East and Africa, is turning its focus to South-East Asia for growth after hitting expansion goals in the region earlier than planned.

“Our previous target to become a Middle East and Africa icon by 2017, was achieved in 2014, so we have upscaled our aspiration to become a Middle East, South-East Asia and Africa bank,” chief executive officer Ali Al Kuwari said in an interview with Bloomberg TV at his office in Doha.