Total conventional and Islamic customer deposits also witnessed a considerable rise of 22 per cent over the previous year, finishing at QR16 billion compared to QR13 billion in 2009, said a IBQ
Nasra added, "It has been a privilege working with IBQ
s executive team as managing director, where IBQ
has seen significant year-on-year growth and been awarded with a host of globally-renowned accolades.
In June 2009, IBQ
was recognised as 'the fastest moving bank in the Middle East" in The Banker magazine's Top 1,000 World Bank survey 2009.
In keeping with the bank's objectives of being the Bank of Choice in Qatar and guaranteeing its customers the very best in service and rewards, all customers who transfer their salary to IBQ
and also take one of three products -- either a credit card, vehicle loan or personal loan -- will be rewarded with a Qatar Airways ticket to some of the most exciting destinations around the world.
In addition, we have bundled a series of unique benefits directly linked to our customers needs beyond just financing a vehicle, said, Philip King, assistant general manager of Retail Banking, IBQ
The promotion will start tomorrow (April 11) and will run until May 31 and is the first time that IBQ
and Qatar Airways has joined hands in a unique experience which combines banking and airline excellence.
This is not the first time that IBQ
and The Ritz-Carlton, Doha has partnered on a CSR activity.
Assistant General Manager of Retail Banking, IBQ
, Philip King, stated : "We do realize the market need for affordable financing at competitive interest rates and we have developed an offer that directly answers that.
Visa credit cardholders will be automatically entered into the draw for every purchase over QAR 1,000 on an IBQ
Visa Platinum and IBQ
Visa Infinite card.
Mohsin Almahdi, director (Correspondent Banking Group) at Citi, said, "We are pleased to award IBQ
for its state-of-the-art international 'straight-through-processing' (STP) electronic payment services.
The 25% swell signifies that IBQ
obtained the 2nd highest annual growth in profits amid all banks running in Qatar.
The results are testament to our prudent policies as well as the underlying strength of the Qatari economy," said IBQ
managing director George Nasra.