South Sudan  | عربي

Strong financial performance and robust risk management framework propel QNB on to the list for the first time. 

NEW YORK, April 1st , 2012 – Qatar National Bank (QNB) has been named one of the World’s 50 Safest Banks and one of the Safest Banks in the Middle East, according to the latest update published by Global Finance in April 2012.

The ranking was created through an evaluation of long-term credit ratings—from Moody’s, Standard & Poor’s and Fitch Ratings—and total assets of the 500 largest banks worldwide. The World’s 50 Safest Banks ranking is a recognized and trusted standard of creditworthiness for the entire financial world.

QNB Group's leading role in the banking sector and the high quality of its assets, along with its capabilities to achieve sustained growth in all activities, are demonstrated clearly in its credit ratings, with Standard & Poor's (A+ long term, A1 short term, stable), Fitch (A+ long term, A1+ short term, stable) and Moody's (Aa3 long term, P1 short term, stable) affirming the Bank’s ratings during 2011, which are among the highest in the region.

In addition, Capital Intelligence upgraded QNB’s Financial Strength Rating to AA- from A+ and affirmed the short term rating of F1, with a stable outlook in recognition of the Bank's sound financial position, high asset quality and leading role in the banking sector.

With 2011 being its most successful year yet, QNB continued to report strong financial results and led the way not just in Qatar but in the region as well, by registering the highest net profit among regional institutions as well as the highest total assets at the end of 2011.

QNB’s Net Profit increased in 2011 to US$2,063 million, a 31.6% increase on the US$1,567 recorded in 2010, while Total Assets in 2011 stood at US$82.9 billion, compared to US$61.4bn in 2010, presenting sustained growth of 35.2% from the previous year (33% CAGR over 5 Years).

Loans & advances in 2011 increased to US$53.3 billion up 47.2% from the previous year. The Bank also reported an NPL ratio of 1.1% as in December 2011 – one of the lowest in the MENA region – reflecting the high quality of its portfolio.

With the tremendous growth demonstrated by QNB in recent years, it has been rated the MENA region’s leading banking institution in 2012 in terms of brand value by Brand Finance and The Banker Magazine.

QNB Group, subsidiaries and associate companies today operate in 24 countries around the world, through 334 branches and offices, supported by more than 600 ATMs, and employing almost 7,000 staff.

Established in 1964 as the first Qatari owned bank, QNB Group has its ownership split (50%) between by the Government of Qatar via Qatar Investment Authority (QIA) and the public. The largest bank in Qatar, QNB is listed on the Qatar Exchange (QE).

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