Final press release saturday feb 24 final english

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Final press release saturday feb 24 final english

  1. 1. PRESS RELEASE MEDIA CONTACT Gary Mead| gmead@iif.com | office +1 202 682-7459 | mobile +202-372-6382 Saturday, February 23, 2013 | Doha, Qatar Institute of International Finance holds annual meeting of Middle Eastern and North African banks’ CEOs This year’s annual meeting of Middle Eastern and North African bank chief executive officers – the 16th such gathering – concluded today in Doha, capital city of Qatar. Organized by the Institute of International Finance and hosted by the Qatar National Bank, the event was attended by around 100 top executives of the region’s banks and other financial services’ firms, as well as senior representatives of global firms active in the MENA Region. The two-day event was designed, as in previous years, to facilitate networking and the exchange of views on the challenges facing financial institutions in the region, within the context of regional political turmoil and a sluggish global economy. Introducing the conference, Mr. Tim Adams, Managing Director of the IIF, welcomed delegates by emphasizing the region’s growing economic importance. He said: “I am delighted to be here in Doha and to participate in this vital forum, which over the years has provided such an excellent venue for interaction between the MENA Region’s financial leaders. I thank QNB Group for its generosity in hosting us. As the mature economies make their way to a full recovery, and as Europe builds a more stable monetary union, it is the emerging economies that will fuel global growth in the future. The oil exporting countries of this region will play a crucial role in this process.” Mr. Ali Shareef Al Emadi, the CEO of QNB Group welcomed the opportunity to partner with the IIF in organizing the conference. “We are proud of our longstanding and constructive relationship with the IIF as the premier global financial services organization,” he said, adding, “and we look forward to our further future co-operation. It has been a pleasure to welcome my colleagues, the CEOs and senior officers from financial institutions across the MENA region. I trust that this meeting provided the opportunity for all of us to reflect on the challenges as well as opportunities facing our institutions.” At a formal dinner on the first evening of the conference, Mr. Ibrahim Dabdoub, Group CEO of the National Bank of Kuwait and Dean of the IIF Board of Directors, welcomed the participants and read the keynote speech due to have been delivered by Dr. Josef Ackermann, Chairman of the Board of Directors of Zurich Insurance Group and former Chairman of the IIF Board of Directors. Dr. Ackermann was unfortunately unable to attend in person, but his insightful and lucid analysis of the Euro area debt crisis gave the conference much to ponder. The dinner was attended by, among others, His Excellency Yousef Kamal, Qatar’s Minister of Finance and Economy and His Excellency Sheikh Abdulla Bin Saud Al-Thani, Governor of Qatar Central Bank.Institute of International Finance | 1333 H Street NW, Suite 800E | Washington, DC, 20005 1
  2. 2. PRESS RELEASE MEDIA CONTACT Gary Mead| gmead@iif.com | office +1 202 682-7459 | mobile +202-372-6382 Saturday, February 23, 2013 | Doha, Qatar The program focused on key themes of special relevance to the MENA Region, and the discussions were rich and constructive. Following the opening session on global and regional prospects, chaired by Mr. Ali Shareef Al Emadi, there were three roundtable sessions: ‘Beyond the Arab Spring: Short- Term Risks and Long-Term Opportunities?’, chaired by Mr. Dabdoub; ‘Deepening Financial Markets in the MENA region’, led by Mr. Hassan Abdalla, CEO of the Arab African International Bank; and ‘Out of the Crisis: Regulatory Reform and Industry Response’, moderated by Mr. Kevin Nixon, Deputy Managing Director of the IIF and Head of the Institute’s Regulatory Affairs department. Mr. Paul Horsnell, Managing Director and Head of Commodities Research with Barclays, delivered a keynote speech during lunch, analyzing the prospects for the oil and energy markets in the context of an unsettled global environment. Commenting on the proceedings, Mr. George Abed, Senior Counselor and Director for Africa and the Middle East at the IIF, said: “This was a highly productive exchange of views among the financial leaders of the MENA region. Taking note of the repercussions from the Arab Spring events, speakers commented on the growing divergence in the recent economic performance of countries in the region. Those that are going through political change continue to struggle with depressed growth and widening fiscal and external deficits. Meanwhile, the oil-exporting countries have continued to grow at robust rates while accumulating financial surpluses. Qatar in particular continues to register remarkably high rates of growth, while pressing forward with the diversification of its economy and the strengthening of its external position.” -End- About the IIF The Institute of International Finance (IIF) is a global association of more than 470 financial institutions. Its mission is to support the financial industry in the prudent management of risks, including sovereign risk; the development of sound industry practices and standards; and the advocacy of regulatory, financial and economic policies that are in the broad interests of its members and global financial stability. Within its membership the IIF counts leading global banks, insurers, pension funds, asset managers and sovereign wealth funds, as well as leading law firms and consultancies. About QNB Group Established in 1964 as the first Qatari-owned commercial bank, QNB Group has steadily grown to be the largest bank in the Middle East and North Africa Region and is the leading financial institution in the country with a market share exceeding 45% of banking sector assets. The Group recorded a net profit of QR8.3 billion in the year ended 31 December 2012, up by 11.1% compared to last year, demonstrating QNB Group’s success across business activities and the ability to achieve strong growth in profitability for the benefit of shareholders. Total assets increased by 21.5% since 2011 to reach QR367 billion, the highest ever achieved by the Group. QNB Group has witnessed rapid international expansion in the past few years and operates in 24 countries around the world through its network, subsidiaries and associate companies, which collectively employ about 8,800 staff, with a network of 400 branches and offices. QNB MEDIA CONTACT: Mohamad Moabi mohamad.moabi@qnb.com.qa – Tel:+974 4453 4638 – Fax: +974 4442 8662Institute of International Finance | 1333 H Street NW, Suite 800E | Washington, DC, 20005 2
  3. 3. PRESS RELEASE MEDIA CONTACT Gary Mead| gmead@iif.com | office +1 202 682-7459 | mobile +202-372-6382 Saturday, February 23, 2013 | Doha, Qatar The program focused on key themes of special relevance to the MENA Region, and the discussions were rich and constructive. Following the opening session on global and regional prospects, chaired by Mr. Ali Shareef Al Emadi, there were three roundtable sessions: ‘Beyond the Arab Spring: Short- Term Risks and Long-Term Opportunities?’, chaired by Mr. Dabdoub; ‘Deepening Financial Markets in the MENA region’, led by Mr. Hassan Abdalla, CEO of the Arab African International Bank; and ‘Out of the Crisis: Regulatory Reform and Industry Response’, moderated by Mr. Kevin Nixon, Deputy Managing Director of the IIF and Head of the Institute’s Regulatory Affairs department. Mr. Paul Horsnell, Managing Director and Head of Commodities Research with Barclays, delivered a keynote speech during lunch, analyzing the prospects for the oil and energy markets in the context of an unsettled global environment. Commenting on the proceedings, Mr. George Abed, Senior Counselor and Director for Africa and the Middle East at the IIF, said: “This was a highly productive exchange of views among the financial leaders of the MENA region. Taking note of the repercussions from the Arab Spring events, speakers commented on the growing divergence in the recent economic performance of countries in the region. Those that are going through political change continue to struggle with depressed growth and widening fiscal and external deficits. Meanwhile, the oil-exporting countries have continued to grow at robust rates while accumulating financial surpluses. Qatar in particular continues to register remarkably high rates of growth, while pressing forward with the diversification of its economy and the strengthening of its external position.” -End- About the IIF The Institute of International Finance (IIF) is a global association of more than 470 financial institutions. Its mission is to support the financial industry in the prudent management of risks, including sovereign risk; the development of sound industry practices and standards; and the advocacy of regulatory, financial and economic policies that are in the broad interests of its members and global financial stability. Within its membership the IIF counts leading global banks, insurers, pension funds, asset managers and sovereign wealth funds, as well as leading law firms and consultancies. About QNB Group Established in 1964 as the first Qatari-owned commercial bank, QNB Group has steadily grown to be the largest bank in the Middle East and North Africa Region and is the leading financial institution in the country with a market share exceeding 45% of banking sector assets. The Group recorded a net profit of QR8.3 billion in the year ended 31 December 2012, up by 11.1% compared to last year, demonstrating QNB Group’s success across business activities and the ability to achieve strong growth in profitability for the benefit of shareholders. Total assets increased by 21.5% since 2011 to reach QR367 billion, the highest ever achieved by the Group. QNB Group has witnessed rapid international expansion in the past few years and operates in 24 countries around the world through its network, subsidiaries and associate companies, which collectively employ about 8,800 staff, with a network of 400 branches and offices. QNB MEDIA CONTACT: Mohamad Moabi mohamad.moabi@qnb.com.qa – Tel:+974 4453 4638 – Fax: +974 4442 8662Institute of International Finance | 1333 H Street NW, Suite 800E | Washington, DC, 20005 2
  4. 4. PRESS RELEASE MEDIA CONTACT Gary Mead| gmead@iif.com | office +1 202 682-7459 | mobile +202-372-6382 Saturday, February 23, 2013 | Doha, Qatar The program focused on key themes of special relevance to the MENA Region, and the discussions were rich and constructive. Following the opening session on global and regional prospects, chaired by Mr. Ali Shareef Al Emadi, there were three roundtable sessions: ‘Beyond the Arab Spring: Short- Term Risks and Long-Term Opportunities?’, chaired by Mr. Dabdoub; ‘Deepening Financial Markets in the MENA region’, led by Mr. Hassan Abdalla, CEO of the Arab African International Bank; and ‘Out of the Crisis: Regulatory Reform and Industry Response’, moderated by Mr. Kevin Nixon, Deputy Managing Director of the IIF and Head of the Institute’s Regulatory Affairs department. Mr. Paul Horsnell, Managing Director and Head of Commodities Research with Barclays, delivered a keynote speech during lunch, analyzing the prospects for the oil and energy markets in the context of an unsettled global environment. Commenting on the proceedings, Mr. George Abed, Senior Counselor and Director for Africa and the Middle East at the IIF, said: “This was a highly productive exchange of views among the financial leaders of the MENA region. Taking note of the repercussions from the Arab Spring events, speakers commented on the growing divergence in the recent economic performance of countries in the region. Those that are going through political change continue to struggle with depressed growth and widening fiscal and external deficits. Meanwhile, the oil-exporting countries have continued to grow at robust rates while accumulating financial surpluses. Qatar in particular continues to register remarkably high rates of growth, while pressing forward with the diversification of its economy and the strengthening of its external position.” -End- About the IIF The Institute of International Finance (IIF) is a global association of more than 470 financial institutions. Its mission is to support the financial industry in the prudent management of risks, including sovereign risk; the development of sound industry practices and standards; and the advocacy of regulatory, financial and economic policies that are in the broad interests of its members and global financial stability. Within its membership the IIF counts leading global banks, insurers, pension funds, asset managers and sovereign wealth funds, as well as leading law firms and consultancies. About QNB Group Established in 1964 as the first Qatari-owned commercial bank, QNB Group has steadily grown to be the largest bank in the Middle East and North Africa Region and is the leading financial institution in the country with a market share exceeding 45% of banking sector assets. The Group recorded a net profit of QR8.3 billion in the year ended 31 December 2012, up by 11.1% compared to last year, demonstrating QNB Group’s success across business activities and the ability to achieve strong growth in profitability for the benefit of shareholders. Total assets increased by 21.5% since 2011 to reach QR367 billion, the highest ever achieved by the Group. QNB Group has witnessed rapid international expansion in the past few years and operates in 24 countries around the world through its network, subsidiaries and associate companies, which collectively employ about 8,800 staff, with a network of 400 branches and offices. QNB MEDIA CONTACT: Mohamad Moabi mohamad.moabi@qnb.com.qa – Tel:+974 4453 4638 – Fax: +974 4442 8662Institute of International Finance | 1333 H Street NW, Suite 800E | Washington, DC, 20005 2
  5. 5. PRESS RELEASE MEDIA CONTACT Gary Mead| gmead@iif.com | office +1 202 682-7459 | mobile +202-372-6382 Saturday, February 23, 2013 | Doha, Qatar The program focused on key themes of special relevance to the MENA Region, and the discussions were rich and constructive. Following the opening session on global and regional prospects, chaired by Mr. Ali Shareef Al Emadi, there were three roundtable sessions: ‘Beyond the Arab Spring: Short- Term Risks and Long-Term Opportunities?’, chaired by Mr. Dabdoub; ‘Deepening Financial Markets in the MENA region’, led by Mr. Hassan Abdalla, CEO of the Arab African International Bank; and ‘Out of the Crisis: Regulatory Reform and Industry Response’, moderated by Mr. Kevin Nixon, Deputy Managing Director of the IIF and Head of the Institute’s Regulatory Affairs department. Mr. Paul Horsnell, Managing Director and Head of Commodities Research with Barclays, delivered a keynote speech during lunch, analyzing the prospects for the oil and energy markets in the context of an unsettled global environment. Commenting on the proceedings, Mr. George Abed, Senior Counselor and Director for Africa and the Middle East at the IIF, said: “This was a highly productive exchange of views among the financial leaders of the MENA region. Taking note of the repercussions from the Arab Spring events, speakers commented on the growing divergence in the recent economic performance of countries in the region. Those that are going through political change continue to struggle with depressed growth and widening fiscal and external deficits. Meanwhile, the oil-exporting countries have continued to grow at robust rates while accumulating financial surpluses. Qatar in particular continues to register remarkably high rates of growth, while pressing forward with the diversification of its economy and the strengthening of its external position.” -End- About the IIF The Institute of International Finance (IIF) is a global association of more than 470 financial institutions. Its mission is to support the financial industry in the prudent management of risks, including sovereign risk; the development of sound industry practices and standards; and the advocacy of regulatory, financial and economic policies that are in the broad interests of its members and global financial stability. Within its membership the IIF counts leading global banks, insurers, pension funds, asset managers and sovereign wealth funds, as well as leading law firms and consultancies. About QNB Group Established in 1964 as the first Qatari-owned commercial bank, QNB Group has steadily grown to be the largest bank in the Middle East and North Africa Region and is the leading financial institution in the country with a market share exceeding 45% of banking sector assets. The Group recorded a net profit of QR8.3 billion in the year ended 31 December 2012, up by 11.1% compared to last year, demonstrating QNB Group’s success across business activities and the ability to achieve strong growth in profitability for the benefit of shareholders. Total assets increased by 21.5% since 2011 to reach QR367 billion, the highest ever achieved by the Group. QNB Group has witnessed rapid international expansion in the past few years and operates in 24 countries around the world through its network, subsidiaries and associate companies, which collectively employ about 8,800 staff, with a network of 400 branches and offices. QNB MEDIA CONTACT: Mohamad Moabi mohamad.moabi@qnb.com.qa – Tel:+974 4453 4638 – Fax: +974 4442 8662Institute of International Finance | 1333 H Street NW, Suite 800E | Washington, DC, 20005 2

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