Competition hots up for local custom

摘要

Traditionally, Qatar National Bank (QNB) served the locals, Doha Bank was the preferred choice of Asian customers, while Commercial Bank of Qatar led the way in catering for the Western expatriate community. But Qatar is fast becoming a dynamic market in which such simple categorisations no longer apply. The economy's rapid gas-powered expansion, and the business opportunities this generates for banks, has stimulated intense competition. Some market observers felt that QNB, for long the state-owned model of reliability, had become stolid and unadventur-ous in its approach to retail business. This is no longer the case.