FOI request (FOIR-450144619)
Investment in Qatar National Bank
Requested Wed 07 September 2022
Responded Thu 22 September 2022
I am seeking any information on local authority funds that have been stored with Qatar National Bank in the past 5 years, either as part of Treasury management operations, or for any other reason. Please provide the following:
A breakdown of local authority funds that have been stored with Qatar National Bank (QNB) since 1 January 2017.
The quantum of the funds invested with QNB and the interest rate earned.
The latest list of approved countries for local authority funds to be invested in.
No funds have been stored or invested with Qatar National Bank (QNB) since 1 January 2017.
We do not have a list of approved countries, the only classification is that the bank is A rated and follows recommended lending period.
The countries were a personal choice of the councillors/Finance Director.
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