Investments in Qatar National Bank

The request was successful.

Dear Bedford Borough 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

Freedom of Information, Bedford Borough Council

Thank you for your e-mail requesting information under the Freedom of
Information Act 2000 / Environmental Information Regulations 2004.

 

We will proceed with the request which we received today. It is our
intention to have the information delivered to you as soon as possible
otherwise within the statutory 20 working days.

 

In considering the request, it may be subject to exemptions that the
Council rely on to refuse the information. Some exemptions are absolute
and some only apply where the public interest in maintaining the exemption
outweighs that of disclosing the information.
[1]https://www.bedford.gov.uk/council-and-d...

 

Please note that should you be requesting information under the
Environmental Information Regulations although we provide free access to a
wide range of information through our website, access to any public
registers which we hold and for inspecting information at our offices, we
are allowed to charge you a reasonable fee for providing certain
information.
If applicable, we will issue you with a fee notice. This will detail the
tasks involved in responding to the request, and associated costs. Further
information is available on the EIR page of Bedford Borough Council’s
website at the following link:

[2]https://www.bedford.gov.uk/council-and-d...

  

Any future correspondence you may have with the Council in relation to
this matter should be emailed to [3][email address]

 

Any emails containing personal or sensitive data will be sent as ‘secure
e-mails’. In order for you to access a secure email you will be asked to
create an account and log into the Council’s secure e-mail reply
service. If you do receive a secure email there will be instructions
explaining how to do this.

 

References

Visible links
1. https://www.bedford.gov.uk/council-and-d...
2. https://www.bedford.gov.uk/council-and-d...
3. mailto:[email address]

Freedom of Information, Bedford Borough Council

Bedford BC - OFFICIAL-Unsecure

 

Dear Rob Davies

 

Request pursuant to Freedom of Information Act 2000 – Request No.19419

 

I refer to your recent enquiry for information held by the Council. 

 

Please see your request and our response in bold below;

 

-        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.

 

We have had no Direct Investments in Qatar National Bank at any time.

 

Bedford Borough Council does not operate an approved Country
List.               

 

 

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, for example commercial
publication, would require the permission of the copyright holder.  For
further information regarding Re-use of Public Sector information please
see link below

 

If after viewing the information you are for whatever reason unhappy with
our response to your application you are entitled to pursue any
dissatisfaction through the Council's Internal Review Procedure.  Pursuant
to Section 17 (7) of the Act the procedure provided by the Council for
dealing with complaints about the determination of this request for
information is the Council’s FOI Complaints Procedure, a copy of which can
be obtained on request or is set out at: 
[1]https://www.bedford.gov.uk/council-and-d...

 

Yours sincerely

 

Andrea Bechtle

FOI & EIR Officer

Bedford Borough Council

Borough Hall, Cauldwell Street

Bedford, MK42 9AP

Please reply to:  [2][email address]

 

 

 

 

 

show quoted sections