Investment in Qatar National Bank

Rob Davies made this Freedom of Information request to Stroud District Council as part of a batch sent to 33 authorities This request has been closed to new correspondence. Contact us if you think it should be reopened.

The request was successful.

Rob Davies
Delivered

Dear Stroud District Council,

I'm writing to request information to which I believe I am entitled and which you may hold.

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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foi@StroudDistrictCouncil.mail.onmicrosoft.com,

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_WEB_FOI Finance, Stroud District Council

Good morning,

In response to your FOI request of 07/09/2022 regarding Investment in
Qatar National Bank, Stroud District Council would like to provide the
following;

 

Investments in Qatar National Bank since 1st January
2017
Counterparty Principal From To Days Rate Interest
Qatar National Bank 2,000,000.00 19/05/2021 19/08/2021 92 0.24% 1,209.86
(AA-)
Qatar National Bank 1,000,000.00 08/06/2021 08/09/2021 92 0.24% 604.93
(AA-)

 

 

The latest list of approved Countries for Local Authority funds can be found in the Council Strategy 2022/23 on page 103 of
the following link
[1]https://stroud.moderngov.co.uk/documents...

 

Yours sincerely

FOI Finance

 

References

Visible links
1. https://stroud.moderngov.co.uk/documents...

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