QNB Group

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Qatar National Bank (QNB)
Native name بنك قطر الوطني
Type Banking
Industry Banking
Founded 1964 as Qatar National Bank
Headquarters Doha, Qatar
Area served 26 countries
Key people
  • H.E. Ali Shareef Al-Emadi
  • Ali Ahmed Al-Kuwari
Website qnb.com.qa

Qatar National Bank (QNB Group) (Arabic: (QNB بنك قطر الوطني (مجموعة‎) 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%).

QNB Group has steadily grown to be the largest bank in the Middle East and North Africa Region and is by far the leading financial institution in the country with a market share exceeding 45% of banking sector assets. Bloomberg Markets, the leading provider of Business, Financial and Economic news, ranked QNB as the World’s Strongest Bank in its 2012 ranking.[1] The 78 banks in Bloomberg’s ranking list included some of the largest and most renowned financial institutions in the world, with QNB being the only bank from the MENA Region.

For the first three months of 2014, the Group recorded net profit of QR2.4 billion (USD668 million), up by 13.7% compared to last year. Total assets increased by 20.6% from March 2013 to reach QR458 billion (USD125.9 billion), the highest ever achieved by the Group.

QNB Group continued to witness robust international expansion, successfully completing the acquisition of a controlling stake of the second largest private bank in Egypt, QNB ALAHLI (QNB AA), previously known as NSGB, amounting to 97.12% during Q1, 2013. The Group has also extended its regional reach by acquiring stakes in various financial institutions including 35% stake in the Jordan-based, the Housing Bank for Trade and Finance (HBTF), 40% in Commercial Bank International (CBI) based in the United Arab Emirates (UAE), 99.96% of QNB Tunisia, 51% in the Iraqi-based Mansour Bank, 49% of the Libyan based Bank of Commerce & Development and 20% stake in Al Jazeera Finance Company in Doha. QNB Group also retains 51% stake in QNB-Syria and a 70% stake in QNB Kesawan in Indonesia. QNB Group opened a representative office in China and established a fully owned subsidiary in India under the name of “QNB India Private Limited”.

With the addition of the new subsidiary in India and the new office in China, the Group’s presence through its subsidiaries and associate companies increased to 26 countries providing a comprehensive range of advanced products and services. The total number of staff is more than 13,700 operating from 590 locations, with an ATM network of more than 1,250 machines.

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 is among the highest rated regional banks from leading credit rating agencies including Standard & Poor’s (A+), Moody’s (Aa3), Fitch (A+), and Capital Intelligence (AA-). The Bank has also been the recipient of many awards from leading international specialised financial publications.

Based on the Group’s continuous strong performance and the expanding international presence, the bank is currently ranked as the most valuable brand in the MENA region, with a current world ranking of 101 in 2013.

QNB Group has an active community support program and sponsors various social, educational and sporting events.[2]


Since its formation in 1964, QNB – previously known as Qatar National Bank until we rebranded in 2004 to QNB – has undergone a huge transformation over the decades, but one value has remained - we are passionate about our supporting role in the development of Qatar. And it is this role that continues to be our greatest strength today.

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QNB has never lost sight of its principal aim which is to help Qatar reach its potential, and while no one at the time quite understood how far that achievement would take us. The support we have provided over the years, and continue to provide, is recognised and valued.[3]

It is an honour to be a part of Qatar’s meteoric economic assent to rival the greatest cities, not only in the GCC but in the world.

Looking back at our achievements inspires us to continue to play a leading role in our nation’s future. We believe in investing and supporting the Qatari people to go forward with confidence, zest and determination.

Building the future[edit]

In 1966, QNB played a key role in financing the construction of Doha’s International Airport. Today we continue to play a leading role in financing massive infrastructure projects, including the new International Airport complex.

Included among the numerous construction projects it has financed through its corporate banking sector over the decades are industrial plants and expansions (Al Shamal Gas Field Project, Ras Laffan) to support the extraction of its vast liquid natural gas (LNG) resources; iconic towers, such as the Al Shard Tower in London; world-class educational facilities - including Qatar Education City, home to several international post-secondary institutions; leading health facilities and extensive residential and commercial developments. It was also instrumental in developing the towers that house the Qatar Financial Centre and a key force in the country’s successful bid to host the Asian Games in 2006 and its forthcoming hosting of the 2022 FIFA World Cup.[3]

An expanding sphere of influence[edit]

In 1976, less than a decade after opening its first domestic branch, QNB launched its international presence with the opening of a branch in London, UK. Its international presence was complemented two years later with a branch opening in Paris, France. Then, in 2005, it began implementing an intensive and ambitious international expansion plan, enabling it to extend its presence into more than 26 countries today, with associates, subsidiaries, branches and representative offices.

In 2009 QNB Geneva was opened, providing a third European presence for the QNB brand. Around the same time, the Group launched QNB-Syria, strengthening its presence in the Middle East. Today QNB-Syria has 15 branches located strategically throughout the country and will continue to expand.

QNB is determined to complement its leading role in shaping Qatar with a strong regional presence in the Middle East and North Africa (MENA). It is committed to enabling Qatar to positively influence economic development throughout neighbouring countries.[3]

Continuing to capitalise on growth potential[edit]

In addition to expanding our European presence, in 2008 QNB significantly enhanced its domestic offerings with the launch of QNB Capital, offering expert advice on mergers and acquisitions (M&A), equity, debt and project advisory services. From M&A valuations, deal structuring and support with negotiations and transactions to support with initial public offerings and rights issues, to hedging debs and debt sourcing – QNB Capital provides a vast range of professional advice to clients looking to capitalize on opportunities.

QNB was the first bank in Qatar to launch a financial services subsidiary. The launch of QNB Financial Services (QNBFS) in January 2011 continued to expand the Bank’s persona as a modern-day financial success story. QNBFS offers a range of financial services to domestic and foreign institutional investors, high-net-worth individuals, retail and corporate clients including mutual funds, brokerage services, research and advisory intelligence and asset management.

As it continues to go forward, honing new skills, developing new assets and expanding its sphere of influence, QNB is determined to position itself as a leading financial powerhouse that can, and will, use its assets to make a positive difference in the communities it serves.


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The Banker - Bank of the Year (Qatar): 2005, 2007-2010
The Banker - Deal of the Year: 2011
Euromoney - Best Bank in Qatar: 1997-2004, 2007, 2009-2012
Euromoney - Best Local Private Bank in Qatar: 2007
Euromoney - Best Debt House: 2005
Global Finance - Best Bank in Qatar: 1999-2004, 2006-2009
Global Finance - Best Foreign Exchange Bank and Provider 2004, 2006, 2007, 2009
Global Finance - Best Trade Finance Provider in Qatar 2006, 2009
Global Finance - Best Treasury and Cash Management Bank and Provider 2005
Global Finance - Best e-bank in Qatar 2007
Global Finance - Best Internet Bank Award 2007
Global Finance - World’s Best Internet Bank 2006
The Banker Middle East Product Awards - Best Bank in the Middle East: 2012
The Banker Middle East Product Awards - Best Bank in Qatar: 2012
The Banker Middle East Product Awards - Best Corporate Bank in Qatar: 2004
The Banker Middle East Product Awards - Best Retail Bank in Qatar: 2004
JPMorganChase - Elite JPMorgan Quality Recognition Award: 2004,2005,2007,2010
JPMorganChase - JPMorgan Bank Quality Award for Operational Performance: 1999-2004
Global Investor - Best Asset Manager in Qatar: 2013
Global Investor - Best Broker in Qatar: 2013
Seatrade Middle East & Indian Subcontinent Awards -Ship Finance Award: 2010
EMEA Finance - Best Local Investment Bank in Qatar: 2010
EMEA Finance - Best Asset Manager in Qatar: 2010
EMEA Finance - Best IPO in the Middle East: 2009
BSI - QNB’s Business Continuity Management (BCM) System awarded the ISO 22301:201
BSI - First Bank in Qatar to achieve the ISO 27001:2005 certification in Information Security for Datacenter Operations
BSI - QNB’s E-Business Applications awarded the ISO 27001:2005 Information Security certification
STP Award - Euro STP Excellence Award: 2007 -2010


  1. ^ "World's Strongest: Banks - Bloomberg Best (and Worst)". Bloomberg.com. Retrieved 2014-03-23. 
  2. ^ "QNBQatar - About QNB". Qnb.com.qa. Retrieved 2014-03-23. 
  3. ^ a b c "QNBQatar - QNB History". Qnb.com.qa. Retrieved 2014-03-23. 

External links[edit]