Qatar National Bank turns to Asia to offset Saudi-led campaign

DOHA: Qatar National Bank QPSC’s (QNB) expansion into Asia is helping the lender offset the impact of the ongoing Saudi-led campaign to isolate the gas-rich Arab state, its chief executive officer said.

The Middle East’s biggest bank by assets aims to cut the income generated from its domestic market to 50% by 2020 from about 67% currently, Ali al-Kuwari said in a Bloomberg TV interview, his first since the standoff began on June 5.