Qatar Development Bank
Last updated on 24 Feb 2024
Key facts
Development bank of Qatar, offering financial solutions, credit insurance, and advisory to develop and empower Qatari companies, including export finance products.
PUBLIC
2011
Credit rating (sovereign) (Fitch)
AA+
Foreign currency
Country trade data
2021 top export sectors
Fuels
84%
Chemicals
5%
Plastics or rubber
4%
Metals
3%
Transportation
2%
2022 export destinations
Financing modalities
`
90%
100%
`
Products
- Invoice/letter of credit discounting:
- Post-dated and treated as a short-term loan
- Amount: Up to 90% of invoices/letter of credit value
- Tenor: Up to 1 year; renewable or as agreed
- Pre-export financing: Covers raw materials purchases
- Amount: Up to 80% of invoices/letter of credit value
- Upfront fee: Up to 0.25% on credit amount
- Tenor: Up to 1 year, or as agreed
- Pre-shipment: Covers loss of goods or order cancellation pre-shipment
- Availability: At contract signing or at beginning of manufacturing up to shipment
- Cover: Up to 90% of production cost for commercial and political risks
- Post-shipment: Covers risk of overseas buyer failing to pay for goods
- Availability: Begins on shipment and ends with payment
- Cover: Up to 90% of transaction value for commercial and political risks
- Export finance:
- Financial services for exports development including training workshops, exporting readiness program, European organization network, and information and data
- Exports promotion: Participation in international exhibitions, coordination meetings program, commercial delegations, and marketing and promotional collateral program for exporters
- As a development QDB has many other development finance products including investments, guarantees, financing, and advisory services
Policies
- Strategy of government to increase growth rate of small and medium-sized industrial sector, including through exports