The retail loans portfolio at Qatar National Bank (QNB-Alahli) was EGP 13.09bn at the end of 2015, which equals 20% of the total loans portfolio at the bank, according to an exclusive statement to Daily News Egypt.
QNB-Alahli provides various banking products and services, which meet the need of the bank’s different customer segments.
The bank provides more than 40 different products in the retail banking sector including various types of personal accounts, short, medium, and long term deposits, personal loans, and different payment cards, as well as e-banking services. QNB-Alahli continuously improves its products and services and issues new ones as well to maintain its competitive position in the Egyptian market.
The bank’s statement also noted that it seeks to meet the customers banking needs and continue reinforcing personal relations with customers through identifying different customer categories based on their financial needs.
The bank said it will launch QNB-Alahli Visa Explore application, which is a prelude to offering more banking services via mobile phones. Customers can download the application on IOS or Android. The application maps the nearest ATMs and shows different discounts and offers for customers using the bank’s payment cards around the world.
QNB-Alahli is also developing its internet banking service since it added new tools and specifications to this service to facilitate banking transactions without delays.
To reach all social categories and to attract new customers, who do not have bank accounts, QNB-Alahli is expanding through inaugurating new branches across the country. QNB-Alahli recently offered products for minors to raise their banking awareness at an early age.
The bank recently launched the “Agyalna” package, which provides saving accounts for minors from 7 to 16 years old and reinitiated its “YO!” package for youth between 16 and 22 years old.
QNB-Alahli also offered affordable housing loans, allowing medium and low-incomes to buy their own houses. The loan has a maximum of EGP 500,000 with subsided interest rates in accordance with the initiative of the Central Bank of Egypt (CBE) regarding providing mortgage finances for medium and low-incomes.
Moreover the bank developed “Aqarat” mortgage finance, allowing customers to buy houses that are registered to be registered in the New Urban Communities Authority (NUCA).
QNB-Alahli is one of leading banks in terms of offering innovative banking products and services, of which is Professional’s Programme first launched in 2007, and is offering numerous banking packages targeting self-employed individuals or very small business entities (VSB).
QNB-Alahli recently launched Daily Saving Accounts, which provides daily interests to customers, in addition to free life insurance. The bank currently provides personal loans for self-employed individuals and individual customers, who transfer their salaries to other banks, besides customers, who transfer their salaries to QNB-Alahli.