QNB Group
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QNB Building in Doha, Qatar.
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Native name
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بنك قطر الوطني |
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| Industry | Banking |
| Founded | June 6, 1964 as Qatar National Bank |
| Headquarters | Doha, Qatar |
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Area served
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30 countries |
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Key people
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Ali Sharif Al Emadi Chairman , Ali Ahmed Al-Kuwari CEO |
| Total assets |
 US$198.1 billion (2017) |
| Website | www.qnb.com |
Qatar National Bank Q.P.S.C. (QNB) (Arabic: بنك قطر الوطني) is a Qatari commercial bank headquartered in Doha, Qatar. As of 2014, it is the second largest bank in Africa and the Middle East in terms of assets. It was founded in 1964 and currently has subsidiaries and associates in 30 countries spanning 3 continents. The bank's ownership is evenly divided between the Qatar Investment Authority and the private sector.
QNB was founded on 6 June 1964 as the country's first domestically-owned commercial bank. It had 35 employees in its first year and was initially headquartered in a government-owned building in Qatar's capital city, Doha. The two currencies in circulation at the time were the Indian rupee and British pound. As Qatar's population continued increasing throughout the century, QNB started establishing branches in other parts of the country.
In 1974, the first branches outside of Doha were opened in Al Khor and Mesaieed. The bank installed its first ATMs in 1988 in its Doha branches, and, in the proceeding year, introduced VISA cards for its clients. By 2015, it had established 76 branches in Qatar.
For the twelve months ended 31 December 2016, Net Profit reached QAR12.4 billion (USD 3.4 billion), up by 10% from last year. Total assets reached QAR720 billion (USD198 billion), up by 34% from December 2015, the best absolute results in QNB Group’s history. This was driven by a growth rate of 34% in loans and advances to reach QAR520 billion.
As of 2016, the bank has 615 subsidiaries and associates in more than 30 countries. Its first branch in the GCC was opened in Oman in 2007.
QNB acquired a majority stake in Indonesia's Bank Kesawan in January 2011 and rebranded it as QNB Kesawan. In January 2013, it purchased an additional 49.9% stake in the Tunisian-Qatari Bank from the Tunisian government, bringing its total stake 99.9%. It renamed the bank to 'Qatar National Bank Tunisia' in April 2013. In March 2013, it purchased 100% of National Société Générale Bank's shares in Egypt, rebranding it as QNB Al Ahli.
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