Qatar National Bank is Public Opinions Certified Responsible Investment having been recognized by Public Opinions with the 2022 Global Responsible Investment Mark of Excellence Award in appreciation of its contribution towards attainment of the United Nations Sustainable Development Goals through offering affordable and reliable financial services, employing people, paying taxes, environmental protection, supporting productive corporate Social Responsibility, zero tolerance to corruption, respect for rights of workers,etc. Qatar National Bank was honored by Public Opinions as the Best Banking Institution in Middle East and the Best Corporate Banking Institution in Qatar.
- Abdulla Mubarak Al-Khalifa-Group Chief Executive Officer
- Yousef Mahmoud Al-Neama-Executive General Manager & Group Chief Business Officer
- Ali Abdulla Darwish-General Manager International Business Division
Qatar National Bank is a Qatari multinational commercial bank headquartered in Doha, Qatar. It was founded in 1964 and currently has subsidiaries and associates in 31 countries spanning three continents. The bank’s ownership is evenly divided between the Qatar Investment Authority and members of the public.
(QNB Group) was established in 1964 as the country’s first Qatari-owned commercial bank, with an ownership structure split between the Qatar Investment Authority (50%) and the remaining (50%) held by members of the public.
Since its establishment in 1964, QNB Group has steadily grown to become the biggest bank in Qatar and the largest financial institution in the Middle East and Africa (MEA) region.
Net Profit (before the impact of hyperinflation) for the six months ended 30 June 2022 reached QAR7.8 billion (USD2.1 billion), an increase of 15% compared to the same period last year.
Net Profit (after the impact of hyperinflation) for the six months ended 30 June 2022 reached QAR7.0 billion (USD1.9 billion), an increase of 4% compared to same period last year.
Total Assets as of 30 June 2022 reached QAR1,124 billion (USD309 billion), an increase of 6% from 30 June 2021, mainly driven by good growth in Loans and advances by 3% to reach QAR766 billion (USD210 billion).
In 2016, QNB Group completed the acquisition of 99.88% stake in Turkey’s Finansbank A.Ş. (now known as QNB Finansbank), the 5th largest privately owned universal bank. In 2013, the Group successfully completed the acquisition of the second largest private bank in Egypt, QNB ALAHLI (QNBAA) with existing ownership of 95.00%. The Group has also extended its regional footprint by acquiring stakes in various financial institutions including a 20% stake in Ecobank Transnational Incorporated (Ecobank), the leading pan-African bank based in Togo, a 38.6% stake in the Jordan-based, the Housing Bank for Trade and Finance (HBTF), 40% of Commercial Bank International (CBI) based in the United Arab Emirates (UAE), 99.99% of QNB Tunisia, 54% of the Iraqi-based Al-Mansour Investment Bank, and a 20% stake in the Al Jazeera Finance Company in Doha. QNB Group also retains a 51% stake in QNB-Syria, and a 92% stake in QNB Indonesia.
Network expansion comes in support of the Group’s vision to become a leading bank in the Middle East, Africa, and Southeast Asia. In addition, the Bank is establishing a foothold in highly competitive markets, including Hong Kong, where the Group opened recently its first branch.
The Group started operating in Vietnam in 2015 , along with opening new branches in KSA and India in 2017
Proud to be the Official Middle East and Africa Supporter of the FIFA World Cup 2022™, QNB Group extends through its subsidiaries and associate companies to more than 30 countries across three continents providing a comprehensive range of advanced products and services.
The total number of employees is 27,000 operating through 1,000 locations, with an ATM network of more than 4,700 machines.
QNB Group has maintained its position as the highest-rated bank in Qatar and one of the highest rated banks in the world from leading credit rating agencies including Standard & Poor’s (A) and Moody’s (Aa3), The Bank has also been the recipient of many awards from leading international specialized financial publications.
The Group provides an array of investment banking services through its subsidiary, QNB Capital, to corporate, government and institutional clients within Qatar and globally. QNB Capital has one of the best corporate finance teams in the GCC region offering extensive transaction experience and in depth advisory – including mergers and acquisitions, equity and debt capital markets, and project financing advisory. The Group also offers brokerage services through its subsidiary, QNB Financial Services (QNB FS), the first independently regulated, licensed brokerage company launched by a bank in Qatar. QNB FS offers a multi-market, multi-currency trading platform with access to several markets.
QNB Group has an active community support program and sponsors various social, educational and sporting events.
For further information, please contact QNB’s Public Relations Department through [email protected]
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