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A year ago Euromoney reported that Qatar National Bank was weathering the storm that had descended on Qatar in large part thanks to its bold geographical expansion during the previous decade.
As Qatar’s neighbours blockaded the emirate, its largest bank was able to survive thanks to its dominance at home and its large presence outside the Gulf.
Since then, the environment in which QNB operates has become no less difficult. What might have been a brief geopolitical tiff has turned into a permanent state of affairs.
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