Middle East

QIB Received “Qatar’s Best SME Bank” from Global Finance

Qatar Islamic Banking (QIB) was named “Best SME Bank in Qatar” by Global Finance’s Best SME Banks Awards for its ongoing efforts to provide seamless banking solutions to small and medium-sized enterprises (SMEs).
Global Finance, a New York-based magazine, has launched a new SME Bank Awards Program in recognition of banks’ efforts to help small businesses during difficult times. According to Global Finance, SMEs have been hit hardest by the Covid-19 pandemic and will play a key role in the recovery of any country.
The new perception highlights QIB’s excellence in providing innovative banking solutions and supporting Qatar’s SMEs. It also reflects the bank’s outstanding response to the Covid-19 pandemic, which provides its customers with the safest, most trusted and effective banking services.
QIB’s SME services include a number of innovative products and services to meet the banking requirements of this critical sector, including the Aamaly (My Business) program, which offers products and services tailored to Qatar’s SMEs. It has been.
The program provides financial services, advice and guidance for entrepreneurs, some for small businesses such as bank centers dedicated to small businesses, 24-hour banks, WPS integration, cash and check collection, accounts, time deposits, etc. It has the advantages of. Loan and loan options. Banks continue to enhance corporate mobile apps and corporate internet banking to provide a better customer experience.
The bank has continued to make significant contributions to the Qatar Development Bank’s (QDB) Aldamane program. The program will allow SMEs to raise appropriate funds from banks to grow their businesses, in addition to other initiatives launched by QDB to make it easier for SMEs in Qatar to raise funds. Is encouraging.
QIB also played an important role in the active national response to the economic impact of the Covid-19 crisis on SMEs and immediately postponed installments to SMEs. Banks continue to provide financial facilities to help ease regulations on SMEs and mitigate the impact of pandemics on the country’s private sector.
In addition, QIB continues to accelerate the digitization of SME finance and launch new products that provide SME clients with a complete package of financial solutions and services.
This includes Merchant Acquisition Services (POS) for automatic processing of monthly salaries, mobile point-of-sale (POS), online wage protection systems (WPS), as well as new partner credit and corporate deposit cards developed in collaboration with Ooredoo. It will be.
Tarek Fawzi, General Manager of Wholesale Banking Group, said: It is a unique and important time to give financial institutions that provide the best services to SMEs the opportunity to honor the services and support they provide.
“We are committed to providing bespoke banking solutions to meet the specific financial needs of SMEs and contribute to the growth and diversification of the local economy. It truly acknowledges our dedication to supporting SMEs in line with Qatar’s National Vision 2030 and the government’s commitment to developing a strong private sector. “
Global Finance has announced the selection of its first SME Banks Awards based on this year’s performance from April 1, 2020 to March 31, 2021. Winners’ selection criteria include SME market and needs, product and service breadth, market position, and innovation.



http://www.gulf-times.com/story/706972/QIB-awarded-Best-SME-Bank-in-Qatar-by-Global-Finan QIB Received “Qatar’s Best SME Bank” from Global Finance

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