QNB Group

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Qatar National Bank (QNB)
Native name
بنك قطر الوطني
Banking
Industry Banking
Founded 1964 as Qatar National Bank[1]
Headquarters Doha, Qatar
Area served
26 countries[2]
Website qnb.com.qa

Established in 1964 as the country's first Qatari-owned commercial bank, Qatar National Bank (QNB) (Arabic: بنك قطر الوطنيBank Qatar Al watani) has an ownership structure split between the Qatar Investment Authority (50%) and the private sector (50%).[3]

QNB Group has grown to be among the largest banks in the Middle East and North Africa Region with $104.4 billion of assets.[3] The bank is the leading financial institution in the country with a market share approaching 45% of banking sector assets.[citation needed]

History[edit]

Qatar National Bank (QNB Group) was established in 1964 as the country’s first Qatari-owned commercial bank, has an ownership structure split between the Qatar Investment Authority (50%) and the private sector (50%).

The total number of staff is almost 13,500 operating from over 570 locations, with an ATM network around 1,200 machines.[citation needed]

The Group provides investment banking services through its subsidiary, QNB Capital, to corporate, government and institutional clients within Qatar and globally. 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.[citation needed]

References[edit]

  1. ^ qnb.com.qa
  2. ^ Qatar National Bank Branches qnb.com.qa
  3. ^ a b Hall, Camilla (September 5, 2012). "Qatari bank expands reach in Middle East - FT.com". Financial Times. Retrieved 12 September 2012. 

External links[edit]