Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has been named “Best Bank in Qatar”, “Best Bank for Digital Solutions in Qatar”, and “Best Bank for Islamic Finance in Qatar” by Euromoney Magazine at the Awards for Excellence 2022 ceremony held recently in Dubai.
Judged by a panel of experts, the new accolades recognize QIB’s clear strategy, longstanding position as a leading Bank in Qatar, and stellar financial performance delivering record total assets of QAR 193 Billion in the first three months of 2022.
Additionally, the “Best Bank for Digital Solutions in Qatar” award recognizes QIB’s commitment to a customer-focused approach and leadership in digital banking. While “Best Bank for Islamic Finance in Qatar” strengthen its position as the benchmark of Islamic Banking in the country.
QIB continued to strengthen its leadership in the local banking sector over the past year, maintaining its position as the largest Islamic bank in Qatar.
The Bank outperformed the market in terms of Net Profit growth, having a CAGR of 8.9% for the three-year period from 2019 to 2021, and achieved the best cost to income efficiency ratio in Qatar and the MENA region.
QIB’s success derives from the strategic vision of its Board of Directors, and the focused implementation of its business strategy. A key factor which contributes to the Bank’s growth is the resilience of Qatar’s banking sector and the overall national economy of Qatar.
QIB is committed to digitalisation catering to customers’ increasing reliance on digital channels for their banking needs. With a solid digital transformation strategy, the Bank is constantly implementing significant improvements across all customers’ online channels.
Through its Mobile App, QIB has introduced new and first-to-market features, in addition to launching innovative products and services to enhance and revolutionize the overall customer experience.
The Bank has significantly improved its corporate online offering but introduce the all-new Corporate App, improved Corporate Internet Banking and state-of-the-art Payment Solutions and Payroll system.—Zawya News
