Qnb group signs mou with attijariwafa bank of Morocco
Press releaseQNB Group signs MOU with Attijariwafa Bank of MoroccoDoha, June 24th 2013- QNB, the World’s Strongest Bank, has signed aMemorandum of Understanding with Attijariwafa Bank, the first Bank in Moroccoand one of the largest in Africa. The MOU will focus on mutual business invarious areas such as Capital Markets, Trade Finance and investement flowsbeteewn Qatar and MoroccoMr. Abdulla Mubarak Al-Khalifa, (General Manager, Group Corporate &Institutions Banking) who signed the MOU on behalf of QNB said:” At QNBGroup, we always look forward to have the right partnership with the rightorganizations, Attijariwafa Bank is one of those in Africa”“We hope this MOU we signed today will mark a successful business relation anda fruitful cooperation for both our institutions, especially with QNB’s currentexpansion plans”. Added Mr. Abdulla Mubarak Al-KhalifaMr. Boubker Jai, (General Manager) who signed the MOU on behalf ofAttijariwafa bank said:”We’re happy to partner with the World’s Strongest Bank,and we are confident that this MOU will be a win-win situation for both ourorganizations. It will also enable Attijariwafa Bank and QNB clients to be mutuallybetter supported in all ccountries where the two Groups have a presence(Europe, Africa and Asia).QNB Group continues to establish its presence steadily in Africa, with branchesin Egypt, Sudan, Tunisia, QNB is set to widen its network through the rest ofMENA region.-End-About Attijariwafa BankEstablished in 1904, Attijariwafa bank group is the first financial and bankinggroup in the Maghreb and WAEMA (UEMOA) areas and a leading player in theEMCCA (CEMAC) region.The group provides a wide range of financial services through specializedsubsidiaries: insurance, consumer credit, mortgage, money transfer, brokerage,investment banking, etc.
The bank boasts a portfolio of 6.2 million customers serviced by more than15 000 employees.Attijariwafa bank is based in Casablanca, Morocco and operates in 23 countriesthrough largely controlled subsidiaries.In Africa : Tunisia, Mauritania, Senegal, Burkina Faso, Guinea Bissau, Mali, Côted’Ivoire, Congo, Gabon, Cameroun, Togo (and soon in Niger).In Europe: France, Belgique, Germany, Italy, Spain, the Netherlands.It also has rep offices in London (G.B.), Dubai (UAE)and Tripoli (Libya).