Wednesday 11 November 2009

Qatar National starts Swiss private banking unit

Qatar National Bank QNBK.QA, one of the Gulf region's largest banks by market value, on Tuesday said it had launched a Swiss private banking subsidiary.

The lender said the Geneva launch will offer "further market capabilities to QNB's longstanding Qatari customers looking to expand their investments internationally".

QNB Banque Privee Switzerland recently received regulatory approval to start operations there, it said in a statement.

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