Aya Gazar
SME’s Credit Analyst at QNB Group
Last Updated:
August 08, 2020
Egypt
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Company Information

Qatar National Bank (QNB Group) was established in 1964 as the country's first Qatari-owned commercial bank, has an ownership structure split between the Qatar Investment Authority (50%) and the private sector ...
Qatar National Bank (QNB Group) was established in 1964 as the country's first Qatari-owned commercial bank, has an ownership structure split between the Qatar Investment Authority (50%) and the private sector (50%). QNB currently operates in more than 27 countries across 3 continents. QNB Group has steadily grown to be the biggest bank in Qatar and leading financial institution in the Middle East and North Africa Region with a market share around 45% of banking sector assets. Bloomberg Markets, the leading provider of Business, Financial and Economic news ranked QNB as "One of the World's Strongest Banks" again in 2014. QNB Group is among the highest rated regional banks from leading credit rating agencies including Standard & Poor's (A+), Moody's (Aa3), Fitch (AA-), and Capital Intelligence (AA-). The Bank has also been the recipient of many awards from leading international specialised financial publications. Based on the Group's continuous strong financial performance and its expanding international presence, QNB is currently ranked as the most valuable bank brand in The Middle East and Africa, with a current world ranking of 79 in 2015 and a brand valuation of $2.6 billion according to Brand Finance Magazine. QNB Group has an active community support program and sponsors various social, educational and sporting events. ----- 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 the largest financial institution in the Middle East and Africa region. For the nine months ended 30 September 2017, the Group’s Net Profit reached QAR 10.3 billion, up by 6% from September 2016. Total assets increased to QAR 792 billion, up by 11%, the highest ever achieved by the group. This was driven by a growth rate of 14% in loans and advances to reach QAR 579 billion.In June 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 Turkey by total assets, customer deposits and loans. QNB owns a 20.1% stake 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 a 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. Since 2013, QNB has been ranked as one of the world’s strongest banks by Bloomberg Markets and has consistently been rated as one of the safest banks in the emerging markets, according to the Global Finance Magazine.
Contact Number

+974 4440 7777

No. of Employees

13,000

Revenue

$10.1B

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Keywords

banking services, banking, financial services, finance, government

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