Investments in Qatar National Bank
Dear North Norfolk District Council,
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.
Please note that I have also made a request to some local authorities regarding money invested by council pension funds.
This is a separate request about a different type of investment, not a duplicated request.
I look forward to a response within the statutory time period.
Yours faithfully,
Rob Davies
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Alternative contact details are as follows:-
Eastlaw
North Norfolk District Council
Council Offices
Holt Road
Cromer
Norfolk
NR27 9EN
tel: 01263 516207
Further information can be found on the council’s website:
[1]https://www.north-norfolk.gov.uk/tasks/t...
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Dear Mr Davies
FREEDOM OF INFORMATION ACT 2000 and/or ENVIRONMENTAL INFORMATION
REGULATIONS 2004 – INFORMATION REQUEST 021006
Thank you for your request for information.
I can confirm that NNDC does not have any investments or bank deposits
with Qatar. Our investment and treasury policy is that money can only be
invested with countries that are part of the EU.
The information supplied to you continues to be protected by the
Copyright, Designs and Patents Act 1988, you are free to use it for your
own purposes, including any non-commercial research you are doing and for
the purposes of news reporting. Any other re-use would require the
permission of the copyright holder.
For information where the copyright is owned by the Council, details of
the conditions on re-use can be found on our website.
If you are unhappy with the service you have received in relation to your
request and wish to make a complaint or request a review of our decision,
you should write to me at the above address within two months of the date
of this letter.
If you are not content with the outcome of your complaint, you can also
complain to the Information Commissioner at [1]www.ico.org.uk or Tel: 0303
123 1113
Yours sincerely
Kirsty Read
Legal Assistant
01263 516207
[email address]
[2]www.northnorfolk.org<http://www.northnorfolk.org>
021006 / 00558551
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References
Visible links
1. http://www.ico.org.uk/
2. http://www.northnorfolk.org<http//www.northnorfolk.org>
3. http://www.north-norfolk.gov.uk/
4. http://twitter.com/NorthNorfolkDCThink
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