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About QNB Group

Qatar National Bank (Q.P.S.C.) (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 (50%) held by members of the public.

QNB Group has steadily grown to be the biggest bank in Qatar and the largest financial institution in the Middle East and Africa region.

For the nine months ended 30 September 2017, the Group’s Net Profit reached QAR 10.3 billion, up by 6% from September 2016. Total assets increased to QAR 792 billion, up by 11%, the highest ever achieved by the group. This was driven by a growth rate of 14% in loans and advances to reach QAR 579 billion.

In June 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 Turkey by total assets, customer deposits and loans. QNB owns a 20.1% stake in Ecobank Transnational Incorporated (Ecobank), the leading pan-African bank. In 2013, the Group successfully completed the acquisition of a controlling stake of the second largest private bank in Egypt, QNB ALAHLI (QNBAA), amounting to 97.12%. The Group has also extended its regional reach by acquiring stakes in various financial institutions including a 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 Al-Mansour Investment 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, an 82.59% stake in QNB Indonesia.

QNB Group has officially started operating its Representative Offices in Vietnam and Myanmar.

During July 2017, QNB Group commenced its operations in the city of Mumbai, the economic capital of the Republic of India. This network expansion comes in support of its vision to become a leading bank in the Middle East, Africa, and Southeast Asia by 2020, in addition to establishing a foothold in highly competitive markets.

The Group’s presence through its subsidiaries and associate companies now extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees around 27,800 operating through more than 1,230 locations, with an ATM network of more than 4,200 machines.

QNB Group has maintained its position as one of 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.

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.

Based on the Group’s consistent strong financial performance and its expanding international presence, QNB is currently ranked as the most valuable bank brand in The Middle East and Africa, according to Brand Finance Magazine.

Since 2013, QNB has been ranked as one of the world’s strongest banks by Bloomberg Markets and has consistently been rated as one of the safest banks in the emerging markets, according to the Global Finance Magazine. The QNB brand has also maintained its ranking as the most valuable bank brand in the MEA region and ranked 60th globally, with a brand value of U.S.$3.8 billion in addition to attaining the highest rating of AA+ in brand strength, making it the only Qatari banking brand among the world’s top100, according to Brand Finance magazine.

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 at (+974) 4497 5704, Fax (+974) 4425 2589, email: PR@qnb.com

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