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Qatar National Bank (QNB) announced today the winner the grand prize of the savings plus account promotion that was launched in March 2007.

Ms Bannah Al Muftah, was the lucky winner of the QR100,000 at the Grand Draw held at QNB Headquarters. The draw was attended by QNB officials.

The bank also offered prizes that included Sony LCD's, packages at the Sealine Beach Resort, Sony mobile phones and Apple I-pods. The other winners of the last and final draw in January were Abdullah Al Hasan, Nashaat Saleh, Laila Haji, Adel Al Tamimi, respectively.

Ms Bannah said, "QNB has done remarkably well by conceiving a product like QNB Savings Plus. It, not only encourages saving, but also provides incentives for doing so by offering rewards at the end of each month. I am very thrilled to have won this prize and look forward to more such products from QNB".

The promotion was launched almost a year ago in order to encourage existing Savings Plus customers to maintain their deposit balances and reward them for increasing their savings value.

As part of the promotion, the bank conducted monthly draws for prizes. In addition to the regular monthly draws, in the months of June and September 2007, the bank conducted separate draws, where winners were rewarded with a cash prize of QR 50,000 each.

In order to be eligible to enter the draw, the account had to be opened at least a month before the date of the draw with a minimum balance of QR 5,000. For every additional QR 5,000 saved, the customer was given an additional entry into the draw. Thus, the higher the balance, the greater were the chances to win.

An entry in the draw entitled the customer to win in subsequent draws even if they won in previous draws. Hence, the customers who opened the account earlier had greater chances of winning.

The Savings Plus scheme was introduced in October 2006 as a new savings accounts concept in Qatar. The overwhelming success of this product led to the launch of this promotion making it the premier savings account in Qatar.

The QNB Savings Plus account is tailored to the needs of customers. It has a high interest rate paid monthly rather than every six months enabling customers to earn more, faster. With the Savings Plus Account, QNB has challenged conventional perceptions and developed new banking solutions that cater to individual customer requirements.

The product, with its various benefits, reflects the bank's commitment towards excellence, innovation, and first-rate customer service.

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About Qatar National Bank (QNB)

Qatar National Bank (QNB) was established in 1964 as the country's first Qatari-owned commercial bank, with an ownership structure split between Qatar Investment Authority (50%) and the private sector (50%).

QNB has steadily grown to be among the largest banks in the region and is by far the leading financial institution in the country with a market share approaching 45% of banking sector assets. QNB's new branches in Yemen, Oman & Kuwait and its representative offices in Libya & Singapore began its operations in 2007. Recently, QNB, obtained licenses to operate in Sudan and Mauritania.

As part of the same expansion plan, QNB has acquired 30.5% of the shares of the Jordan based, The Housing Bank for Trade and Finance (HBTF) which operates in Palestine, Bahrain, Algeria, Syria, UAE, Libya and Iraq, in addition to Jordan. QNB also signed an agreement to establish the Qatar National Bank-Syria jointly with other Syrian private and public sectors institutions with 49% share.

QNB offers a full range of retail, corporate, investment, treasury, wealth management, and Islamic banking products and services for individuals, corporate institutions and government entities. QNB is constantly striving to provide intelligent banking solutions and its range of products and services, and delivery channels across all disciplines continues to be unrivalled.

Through its Islamic branch, QNB Al Islami, QNB was the first commercial bank in Qatar to offer Islamic Banking products and services, and the first Qatari bank to launch equity funds (Al Watani Funds) for companies listed in the Doha Securities Market.

The London-based Ansbacher, QNB's Wealth Management and Private Banking subsidiary, operates in Switzerland, Channel Islands, the Bahamas, Dubai International Financial Center and Qatar Financial Center. Ansbacher was the first financial institution to be granted a license to operate at Qatar Financial Centre providing a wide range of wealth management services in Qatar and the region.

QNB has the highest credit rating among regional banks from leading rating agencies including Standard & Poor's, Moody's, Fitch, and Capital Intelligence. The Bank has also been the recipient of many awards for its innovative products, services and remarkable performance from leading international specialized financial publications. QNB has an active community support program and sponsors various social, educational, and sports events.

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