Qatar National Bank S.A.Q (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 a leading financial institution in the Middle East and Africa region.
For the nine months ended 30 September 2016, the Group recorded a net profit of QAR 9.7 billion (USD2.7 billion), up by 11% from September 2015. Total assets increased by 37% from September 2015 to reach QAR 713 billion (USD196 billion), the highest ever achieved by the Group. This was driven by a growth rate of 38% in loans and advances to reach QAR 507 billion (USD139 billion).
The Group has recently completed the acquisition of 99.81% stake in Turkey’s Finansbank A.Ş., the 5th largest privately owned universal bank in Turkey by total assets, customer deposits and loans. QNB owns a 20.0% stake (both ordinary and QNB convertible preference shares) 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 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.
In 2015, the Group officially started operating its “Qatar National Bank S.A.Q Hoh Chi Minh City Representative Office in Vietnam. It also received approval from the Saudi Cabinet to open a branch in the Kingdom. In 2016, the Group commenced operations in Myanmar through a representative office.
