 | |
 QNB Building in Doha, Qatar | |
| Company type | Public |
|---|---|
| QE: QNBK | |
| Industry | Banking andFinancial services |
| Founded | June 6, 1964; 60 years ago (1964-06-06) as Qatar National Bank[1] |
| Headquarters | , |
Area served | Worldwide[2] |
Key people |
|
| Products | Credit cards,consumer banking,corporate banking,finance and insurance,investment banking,mortgage loans,private banking,private equity, savings,securities,asset management |
 US$9.6 billion (2022)[3] | |
| US$4.4 billion (2022)[3] | |
| Total assets | US$327 billion (2022)[3] |
| Total equity | US$29.0 billion (2022)[3] |
Number of employees | 29,000 (2019) |
| Parent | Qatar Investment Authority (50%) |
| Website | www |
Qatar National Bank (QNB Group) (Arabic:بنك قطر الوطني) is aQatari multinationalcommercial bank headquartered inDoha, Qatar. It was founded in 1964 and currently has subsidiaries and associates in 31 countries on three continents. The bank's ownership is evenly divided between theQatar Investment Authority and members of the public.[4]
QNB was founded on 6 June 1964 as the country's first domestically-ownedcommercial bank. It had 35 employees in its first year and was initially headquartered in a government-owned building in Qatar's capital city,Doha.[5] The two currencies in circulation at the time were theIndian rupee andBritish pound. As Qatar's population continued increasing through the century, QNB started establishing branches in other parts of the country.[5]
In 1974, the first branches outside of Doha were opened inAl Khor andMesaieed. The bank installed its firstATMs in 1988 in its Doha branches, and introduced VISA cards for its clients the next year.[5]
In 2013, QNB acquired Egypt's then-largest private-sector bank,National Société Générale Bank, fromSociété Générale, and rebranded itQNB Al Ahli.[6] By 2015, it had established 76 branches in Qatar.[5] In 2016, QNB acquired Istanbul-basedFinansbank fromNational Bank of Greece. As of 2017, QNB also owned an 82.59 percent stake in Bank QNB Indonesia.[7]
On September 30, 2020, net profit for 2020 was QR 9.5 billion (US$ 2.6 billion). Total assets also increased by 8% since September 30, 2019, to reach QR986 billion (US$271 billion).[8]
In 2024, QNB streamlined its brand identity in two of its main overseas markets, by phasing out the brands Al Ahli in Egypt and Finansbank in Turkey.[9]
