Investments with Qatar National Bank

The request was successful.

Dear Mid Ulster 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

Mid Ulster Info, Mid Ulster District Council

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Ann Marie Devlin, Mid Ulster District Council

1 Attachment

 
Dear Rob
 
Thank you for your request for information submitted with Mid Ulster
District Council on 07/09/22 under the Freedom of Information Act 2000
(the Act).
 
Your request has been referred to the relevant Council Officers and a
response will be issued to you as soon as a response becomes available, in
accordance with the Act.
 
Yours sincerely
 
Ann Marie Devlin
Business Support
Telephone 03000 132 132
 
 

 
 
 
From: Rob Davies <[1][FOI #894897 email]>
Sent: 07 September 2022 12:55
To: Mid Ulster Info <[2][Mid Ulster District Council request email]>
Subject: Freedom of Information request - Investments with Qatar National
Bank

Dear Mid Ulster 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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Philip Moffett, Mid Ulster District Council

1 Attachment

 Dear Mr Davies
Thank you for your information request, submitted with Mid Ulster District
Council under the Freedom of Information Act 2000 (the Act) on 07/09/2022
 for I 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. The Council has considered
your request and responds as detailed.
 
Q1. 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: Mid Ulster District Council responds to confirm that it does not
have funds stored with Qatar National Bank in the past 5 years either as
part of Treasury Management operations, or for any other reason.
 
I hope this is of assistance. However, under the Act, if you are not happy
with the way in which your request has been handled, you have the right to
ask for an internal review. This review, should be requested within 2
months of the date of this response and should be sent to:
Chief Executive
Mid Ulster District Council
Dungannon Office
Circular Road
DUNGANNON BT71 6DT
[1][email address]

If you are not content with the outcome of the internal review, you can
ask the Information Commissioner for a decision on whether the Council has
complied with its responsibilities under the Act. The Information
Commissioner can be contacted at:

Information Commissioner’s Office
Wycliffe House
Water Lane
Wilmslow
Cheshire SK9 5AF

[2]https://ico.org.uk/global/contact-us/

[3]https://ico.org.uk/make-a-complaint/
If I can be of any further assistance, please do not hesitate to contact
me.
Yours Sincerely
 
 
Philip Moffett 
 
 
Mid Ulster District Council
Tel: 03000 132 132

 
 

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