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QDB to expand financing to new areas
    2007-04-02
 

QDB to expand the scope of its financing to include new areas such as health care, fisheries, education, tourism and agriculture

 

The authorised capital of the bank is to be increased to QR5bn and its name is changed to Qatar Development Bank (QDB) in accordance with its new role being envisaged in the country's fast developing and booming economy.  Its paid-up capital will be raised from the existing QR200m to QR1bn .

The bank does not aim to make profits. Its role is to help develop the productive and industrial sectors in the country.  The bank hopes to be a partner in development projects and not just a financer.

The bank's expanded role will see it providing financing for setting up private schools, colleges, hospitals, clinics, laboratories and recreational facilities as well as helping bring in new technology in agriculture, irrigation and fisheries. The bank will enhance its role as a consultancy service provider.

 

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QDB marks the 10th anniversary of the bank's formal opening. Nov 6 , 2007
QDB New Corporate Identity Apr 2 , 2007
 
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