About Qatar National Bank - QNB
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 the remaining (50%) held by members of the public.
For the three months ended 31 March 2020, Net Profit reached QAR3.6 billion (USD1.0 billion), in line with March 2019 profitability. Total Assets reached QAR964 billion (USD265 billion), an increase of 9% from 31 March 2019.
QNB Group has steadily grown to be the biggest bank in Qatar and the largest financial institution in the Middle East and Africa region.In 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 2013, the Group successfully completed the acquisition of the second largest private bank in Egypt, QNB ALAHLI (QNBAA) with existing ownership of 95.00%. The Group has also extended its regional footprint by acquiring stakes in various financial institutions including a 20.1% stake in Ecobank Transnational Incorporated (Ecobank), the leading pan-African bank based in Togo, a 35% stake in the Jordan-based, the Housing Bank for Trade and Finance (HBTF), 40% of Commercial Bank International (CBI) based in the United Arab Emirates (UAE), 99.99% of QNB Tunisia, 51% of the Iraqi-based Al-Mansour Investment Bank, and a 20% stake in the Al Jazeera Finance Company in Doha. QNB Group also retains a 51% stake in QNB-Syria, and a 90.96% stake in QNB Indonesia.
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.
QNB Group has an active community support program and sponsors various social, educational and sporting events.
Company Details
Website
Headquarters
Doha, Qatar
Year founded
1964