|Founded||1964 as Qatar National Bank|
|Area served||26 countries|
Established in 1964 as the country's first Qatari-owned commercial bank, Qatar National Bank (QNB) (Arabic: بنك قطر الوطني Bank Qatar Al watani) has an ownership structure split between the Qatar Investment Authority (50%) and the private sector (50%).
QNB Group has steadily grown to be among the largest banks in the Middle East and North Africa Region with $104.4 billion of assets. The bank is the leading financial institution in the country with a market share approaching 45% of banking sector assets. Today, QNB is the World's Strongest Bankالبنك الأقوى في العالم QNB topped Bloomberg’s list of the World’s Strongest Banks- the list contained 78 banks - a clear reflection of the inherit strength of QNB which was the only bank from the MENA region to be included in the ranking.
Only a few days after been awarded the World's Strongest Bank, On May 2013,QNB has been awarded the Best Bank in Qatar Award by Euromoney, to mark the tenth time from the prestigious magazine.
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%).
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 has ranked QNB as the World’s Strongest Bank in its 2012 ranking. 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.
The Group recorded net profit, for the six months ended 30th June, of QR4.7 billion, up by 15.1% compared to the same period last year. This was driven by operating income, including the share of results of associates, which increased to QR7.3 billion, up by 28.7% compared to June 2012, demonstrating QNB Group’s success in achieving strong growth across the range of revenue sources. Total assets increased by 30.4% since 30 June 2012 to QR431 billion, the highest ever achieved by the Group.
QNB Group continued to witness robust international expansion as the Group successfully completed the acquisition of a controlling stake in Egypt's 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, theHousing Bank for Trade and Finance (HBTF), 40% in Commercial Bank International (CBI) based in the United Arab Emirates (UAE), 99.96% of the QNB-Tunisia, 51% in the Iraqi-based Mansour Bank, 49% of the Libyan based Commerce & Development Bank 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 received recently all regulatory approvals to open a representative office in China, and to establish 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 almost 13,500 operating from over 570 locations, with an ATM network around 1,200 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 specialized 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 120 in 2013.
QNB Group has an active community support program and sponsors various social, educational, and sporting events.
- Qatar National Bank Branches qnb.com.qa
- Hall, Camilla (September 5, 2012). "Qatari bank expands reach in Middle East - FT.com". Financial Times. Retrieved 12 September 2012.