Since our establishment in 1964, QNB – previously known as Qatar National Bank until rebranding as QNB in 2004, has undergone a major transformation over the decades. However, our values have remained the same, and one of our main areas of focus is to play a leading role in supporting the development of Qatar. It is this role that continues to be our driving force today.
QNB has never lost sight of its primary objective, which is to help Qatar reach its true potential. And while no-one at the time imagined how far we would go, the support we have provided over the years, and which we continue to provide, is well recognised and valued.
It is an honour to be a part of Qatar’s meteoric economic rise, which rivals that of the most prosperous cities, not only in the GCC, but in the world.
Looking back at our achievements inspires us to continue playing a leading role in our nation’s future. We firmly believe in supporting and investing in the Qatari people in order to move forward with confidence and determination.
Building the Future
In 1966, QNB played a key role in financing the construction of the Doha 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 we have financed through the corporate banking sector are industrial plants and expansions (Al Shamal Gas Field Project and Ras Laffan) to support the extraction of the country’s vast liquefied natural gas (LNG) resources; iconic towers, such as the 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.
We were 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 2019 IAAF World Athletics Championships and the 2022 FIFA World Cup.
An Expanding Sphere of Influence
In 1976, less than a decade after opening its first domestic branch, QNB embarked on its international expansion with the opening of a branch in London, followed by a second branch in Paris two years later. In 2005, it began implementing an intensive and ambitious international expansion plan, enabling it to extend its presence to more than 31 countries today, across a network of associates, subsidiaries, branches and representative offices.
In addition to expanding our international 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, support with initial public offerings and rights issues, to hedging debs and debt sourcing – QNB Capital provides a vast range of professional advisory services 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 broad 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 move 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 uses its resources to make a positive difference in the communities it serves.
Was this information helpful?