QIB to Sponsor Euromoney Qatar Conference 2014
20/11/2014,
Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, is to co-sponsor The Euromoney Qatar Conference, which is due to be held in Doha’s Ritz Carlton Hotel on 24th – 25th November 2014.
The conference is being held under the patronage of His Excellency Sheikh Abdullah bin Nasser bin Khalifa Al-Thani – Qatar’s Prime Minister; and attended by Qatar’s Finance Minister, H.E. Ali Shareef Al-Emadi and the Governor of Qatar’s Central Bank, H.E. Sheikh Abdullah Bin Saud Al-Thani.
The 2014 Conference, which is the third in the series, and which is entitled “Global Finance Re-launched”, will bring together some of the world’s leading players and thinkers in finance, with a cross section of Qatar’s financiers and policymakers.
The event will look at some of the critical issues facing the global economy, and the key steps that banks will need to take to stay competitive. To give a global viewpoint, there will be special sessions featuring Rodrigo de Rato, Former Managing Director of the International Monetary Fund; Senator Philip Ozouf, Assistant Chief Minister, States of Jersey; Denis Beau, Director General of Operations, Banque de France; and Sarkis Yoghourtdjian, Assistant Director of Banking Supervision and Regulation, Board of Governors of the U.S. Federal Reserve System.
Bassel Gamal, QIB’s Group Chief Executive Officer, explained that QIB is sponsoring the Euromoney Conference as part of the Bank’s vision to contribute to the rising status of Qatar as a financial hub as the country embarks on a new wave of enhancements to support its plans for economic development.
“The first two editions of the Conference have already reinforced Doha’s status as a stable, sustainable and responsible global financial city; and we have no doubt that this third edition of the Conference will provide yet more stimulating thoughts and innovative development strategies that will benefit not just Qatar, but the entire region as a whole,” he said.
Gourang Hemani, QIB’s Chief Financial Officer, will be participating in one of the panel sessions entitled “Financial Sector Realignment and Response”, which will be looking at the balance between public investment and private financing; debt capital markets; whether banks have the capital, skills and risk management structures necessary for their intended role; and whether Qatar can build and implement Basel III.
It’s worth mentioning that QIB Net Profit reached QR 1.13 Billion for nine months ended 30th September 2014 representing a growth of 16% compared to the same period last year. Total Assets of the Bank now stand at QAR 93.3 Billion having increased 29% compared to September 2013 .Financing activities, which remains the key growth driver has reached QR 59 Billion having grown by 35% compared to September 2013 .Customer deposits have moved up to QR 64 Billion registering a strong growth of 41% compared to September 2013.Total Shareholders’ Equity of the bank reached QR 12 Billion, an increase of 4% compared to September 2013.
Back to All News Updates