Signed in Qatar an agreement to strengthen the business in the Middle East

A framework agreement has been signed in Qatar between Intesa Sanpaolo and the Investment Promotion Agency Qatar (IPA Qatar) to expand the range of corporate and investment banking solutions available to local and international entities operating in the area, further strengthening the presence of the Bank in the region.

This agreement will allow to offer a wider range of products and services to corporations and a growing numbers of government projects, sizing up Intesa Sanpaolo’s banking team in the country and nurturing local talent in the financial sector through skills development programs.

Intesa Sanpaolo has been the first Italian bank present in Qatar, with a Corporate branch operating in the Doha Qatar Financial Center since 2016.

The Memorandum of Understanding was signed by Chief Executive Officer of IPA Qatar Sheikh Ali bin Alwaleed Al-Thani, and General Manager of Qatar Financial Center’s Intesa Sanpaolo Branch, Daniele Fanin.

Daniele Fanin, commented: “The decision, taken few years ago by Intesa Sanpaolo, to open a Branch in the QFC has proven to be right and forward-looking. Notwithstanding the very challenging times represented by the blockade imposed on Qatar from 2017 to 2021 and the Covid-19 pandemic since March 2020, the excellent results achieved since 2016 by the Branch have even surpassed our original forecasts. Hence, the plan for the enhancement of our QFC presence is the natural consequence of such solid results and promising basis and we are very happy to join hands with IPA Qatar to achieve this common goal.”

Read the press release.