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QNB

Published:
January 17, 2022
Category:
Banking
Client:
QNB

Intro

Qatar National Bank (QNB Group) is a Qatari multinational commercial bank headquartered in Doha, Qatar. It was founded in 1964 and has steadily grown to be the biggest bank in Qatar and the largest financial institution in the Middle East and Africa region. For the financial year ended 31 December 2021, the Group’s Net Profit reached QAR13.2 billion (USD3.6 billion), an increase of 10% compared to the same period last year. QNB recorded total assets of QAR1,093 billion (USD300 billion), representing an increase of 7% from December 2020. 

QNB Group is currently ranked as the most valuable bank brand in the Middle East and Africa. Through its subsidiaries and associate companies, the Group extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is 27,000 operating through 1,000 locations, with an ATM network of more than 4,500 machines.

QNB Group has maintained its position as the highest-rated bank in Qatar and one of the highest rated banks in the world from leading credit rating agencies including Standard & Poor’s (A), Moody’s (Aa3), and Fitch (A+). The Bank has also been the recipient of many awards from leading international specialised financial publications.

The Group provides an array of investment banking services through its subsidiary, QNB Capital, to corporate, government and institutional clients within Qatar and globally. QNB Capital has one of the best corporate finance teams in the GCC region offering extensive transaction experience and in depth advisory – including mergers and acquisitions, equity and debt capital markets, and project financing advisory. The Group also offers brokerage services through its subsidiary, QNB Financial Services (QNB FS), the first independently regulated, licensed brokerage company launched by a bank in Qatar. QNB FS offers a multi-market, multi-currency trading platform with access to several markets.

Challenge

Due to the sensitive nature of the information, details on this project cannot be released.

Solution

Due to the sensitive nature of the information, details on this project cannot be released.

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