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Qatar Tribune
2 days ago
- Business
- Qatar Tribune
QIIB honours group oflong-serving employees
Tribune News Network Doha QIIB honoured a group of long-serving employees who have completed 25 years of service during a special ceremony held at the bank's headquarters, in the presence of QIIB Chief Executive Officer Dr Abdulbasit Ahmed A AlShaibei. AlShaibei presented the honoured employees with certificates of appreciation, in the presence of QIIB Deputy CEO Jamal Abdullah Al Jamal and QIIB Head of Human Resources and Administration Ali Hamad AlMesaifri. This recognition reflects the bank's appreciation for the efforts of employees who, over a quarter of a century, have played a vital role in shaping its journey and driving its achievements. They have been key pillars in the Bank's continued growth and development. The honoured employees are Mohamed Ghasim Mohamed, Hassan Saleh Amoodi, Mahmoud Abdulbaqi Motaqi, Ali Abdullah Saei, Ziad Yousef Abu Dayeh, Ebrahim Abdulrahman Saadat. AlShaibei expressed his deep appreciation to the honoured employees, stating: 'At QIIB, we believe that human capital is the cornerstone of every successful institution. Honouring our colleagues who have dedicated many years of continuous service is the least we can do to small gesture of our deep gratitude for their loyalty, dedication, and pioneering role in supporting the bank's growth and advancing its vision.' He said, 'The employees we honour today have witnessed and contributed to every stage of the Bank's development. They were part of each major milestone we achieved, leaving a clear mark on the performance of the departments they served. Through their accumulated experience, they have also played a key role in mentoring and supporting new generations of employees. We are confident that they will continue, alongside their colleagues, to carry out their duties with the same dedication and team spirit that serve the best interests of all'. He said, 'Appreciating our long-serving employees is not merely a ceremonial gesture—it is a deeply rooted part of our workplace culture. Through this, we reinforce the core values we believe in loyalty, continuity, and professionalism. These are the very foundations of our commitment to delivering exceptional services and achieving high levels of customer satisfaction.' Building on this, he said, 'Employees' appreciation at QIIB is not just a formality. It is an integral part of our culture, where we consistently promote the core values we believe in, such as loyalty, continuity and professionalism. These values are at the heart of our efforts to provide outstanding service and ensure customer satisfaction at the highest level'. The CEO said, 'On this occasion, we reaffirm our commitment to providing the best possible work environment for our employees and attracting top talent, particularly from among Qatari men and women, in line with the State's vision and directives. We will continue working to develop a highly qualified banking workforce capable of keeping pace with the evolving financial sector both locally and internationally'. Ali Hamad AlMesaifri said, 'This recognition is a clear reflection of QIIB's commitment to uphold the highest standards in human capital management. Loyalty and continuity over more than two decades reflect a profound sense of belonging and professional responsibility. These are values we are dedicated to nurturing across our organization.' AlMesaifri said, 'Our human resources strategy is built on empowering talent and providing continuous professional development opportunities. This approach enhances both individual and team performance, contributing directly to the achievement of our goals. Accordingly, recognition and incentive programmes remain a top priority for us.' At the end of the ceremony, the honoured employees expressed their sincere gratitude and appreciation to the bank's management for this thoughtful gesture. They affirmed that the recognition holds great significance for them, both professionally and personally, as it reflects the bank's genuine appreciation for their years of dedicated service. They emphasised that they have always been, and will continue to be, an integral part of the QIIB family, and will remain committed to working with team spirit and dedication to further strengthen the bank's position as a leading financialinstitution.
Qatar Tribune
11-05-2025
- Business
- Qatar Tribune
Moody's affirms QIIB's credit rating with stable outlook
Tribune News Network Doha Moody's Investors Service has reaffirmed QIIB's A2/Prime-1 credit rating with a stable outlook, recognising the bank's sustained strong performance. In its recent report on the bank's rating, Moody's stated that the affirmation was driven by QIIB's strong profitability at the end of 2024, along with an exceptional operational efficiency ratio of 21.4 percent—a reflection of prudent resource management and effective return generation. Moody's also noted QIIB's solid financial standing and flexible funding profile, supported by strong capital levels and robust liquidity. The Bank's position is further reinforced by the high potential of government support, if needed. Moody's noted the bank's baa3 BCA affirmation also takes into account the bank's sound capital buffers, with a tangible common equity (TCE) to risk-weighted assets at 14.8 percent (as of December 2024) and high liquidity buffers with liquid assets to tangible banking assets at 28 percent as of December 2024. In its assessment, Moody's confirmed that the Bank's stable long-term outlook reflects a balance between expectations of continued profitability and strong capital and liquidity levels, against potential pressure on asset quality due to a non-performing financing ratio of 3 percent at the end of 2024. Commenting on Moody's affirmation of the bank's rating, QIIB CEO Dr Abdulbasit Ahmed Al Shaibei stated: 'We are pleased to maintain our strong credit ratings, which reflect the strength of our financial position and the effectiveness of our strategy that carefully balances measured growth and high operational efficiency. Moody's reaffirmation of our rating highlights the confidence in our ability to deliver stable profitability and continue providing banking services with a high level of efficiency. 'We value Moody's recognition of our flexible funding profile and strong position in the retail banking sector, which enhance our ability to adapt to shifts in both local and global markets. We also continue to benefit from the successful digital transformation to b oost our efficiency and further elevate customer satisfaction.' Al Shaibei said, 'QIIB continuously works to diversify and enhance the quality of its financing portfolio in line with best practices in risk management. We are committed to driving sustainable growth and staying aligned with the evolving dynamics of financial markets'. He said, 'We are confident that our strategy—guided by the vision of our board of directors and supported by our integration with Qatar's strong economy, which provides a stable environment for various business sectors—will continue to enable us to deliver outstanding performance and strengthen our position in the Islamic banking sector, both locally and regionally.'
