Investment in Qatar National Bank
Case reference FOI2022/01268
Published 4 October 2022
Request
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.
Response
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.
Herefordshire Council has not placed any funds with Qatar National Bank in the past five years, either as part of treasury management operations, or for any other reason.
The quantum of the funds invested with QNB and the interest rate earned.
n/a
The latest list of approved countries for local authority funds to be invested in.
All investments are made in line with the Treasury Management Strategy (TMS) approved annually. The most recent TMS can be found here: Appendix D TMS.pdf (herefordshire.gov.uk).
Documents
This is Herefordshire Council's response to a freedom of information (FOI) or environmental information regulations (EIR) request.
You can browse our other responses or make a new FOI request.