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Qatar National Bank wins 4 awards from Global Finance magazine

Qatar National Bank

Doha, (Business News Report)|| The Qatar National Bank Group (QNB) has won four awards from an international magazine, in the sustainable financing program announced by the magazine for the second year in a row.

The Qatar National Bank Group said that it had won the Leadership Award in Sustainable Finance, the Leadership Award in Social Bond Issuance, and the Leadership Award in Sustainable Bond Issuance.

The bank pointed out that the awards are regional, especially in the Middle East, in addition to the award for leadership in sustainable finance in Qatar in the classification of countries.

The Global Finance Awards are based on measuring global and local leadership in sustainable finance, as well as the Bank’s efforts to combat the negative consequences of climate change.

Companies and institutions were selected based on their overall performance in sustainability financing, community support, resource management, transparency and reporting on sustainability financing.

The bank’s winning of these awards comes as an affirmation of its continuous efforts to support initiatives related to sustainability, in addition to its fruitful efforts as part of its social responsibility towards various environmental issues of local and international concern.

The bank’s positive performance on the sustainability agenda is evidenced by its Environmental and Social Governance (ESG) reports.

The Global Finance Sustainability Awards are a recognition of the institutions’ efforts in global and regional leadership in sustainability financing as well as funding initiatives and ideas to help reduce the negative effects of climate change and projects that contribute to creating a better future for humanity.

It is noteworthy that Global Finance magazine’s awards have become trusted for its 35 years of experience and professional accuracy in selecting the best institutions, including banks and financial service providers, which contributed to making its awards the standard for measuring the success of institutions in the global financial community.

In a separate context, the Bank of Qatar confirmed that the global economy continues to recover from the impact of the COVID-19 pandemic, despite the occurrence of new inflationary shocks accompanied by stagnation early this year.

The report highlighted economic performance in Southeast Asia, which was different from the performance of advanced economies due to lower rates of coronavirus vaccination, supply chain constraints, and less accommodative monetary and fiscal policies.

The report indicated that the high vaccination rates in Thailand allowed the country to remain open during the Omicron wave in early 2022, but there are other factors that will hinder its full recovery from the pandemic.

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