QNB Group

What QNB Group does

QNB Group (Qatar National Bank) is the largest financial institution in the Middle East and Africa by assets, headquartered in Doha, Qatar, and majority-owned by the Qatar Investment Authority. Founded in 1964 and listed on the Qatar Stock Exchange (QSE: QNBK) with a market value of $50.2 billion, QNB operates a universal banking platform across 28 countries and three continents, delivered through 1,400+ branches and 30,000+ employees. As of Q1 2026, the bank reported total assets of QR1,410 billion ($382 billion), an efficiency ratio of 24.1% (best-in-class in MEA), and an NPL ratio of 2.7%.

The bank's core products span corporate and institutional banking (the primary segment, including syndicated loans, trade finance, and cash management), SME banking, retail banking, private banking and wealth management, and transaction banking. The technology layer is anchored on digital banking infrastructure including the QNB Explorer mobile app (featuring 3D Secure, Visa Direct, Digital Onboarding, Multi-Currency Travel Card), blockchain-based capital markets rails (HSBC Orion for the $500M digital bond, JPMorgan Kinexys for USD clearing), TransferMate integration for cross-border B2B payments, and a dedicated Innovation & Digital Transformation Office driving hybrid-cloud and AI adoption. Sub-brands include ezbank (digital-first bank approved in Egypt and Saudi Arabia targeting underserved and youth segments with SAR 2.5B capital) and the QNB First Lifestyle rewards ecosystem connecting 500+ partners across 30+ cities.

QNB's revenue model is dominated by net interest income from a loan book growing 8% year-on-year, supplemented by fee and commission income from cash management and transaction banking, sustainable finance and green bond origination (QR41 billion in sustainable financing in 2025; EUR 750M green bond), and investment banking/capital markets activities (bond underwriting, syndicated lending). The 72.5% full-year dividend payout (QR 0.375/share H2 2025) signals a mature, cash-generative business model. Distribution combines a sales-led wholesale banking go-to-market with an emerging product-led digital motion (ezbank, mobile app). Notable marquee customers include Qatar Airways (QR4.5B syndicated facility), Turkcell ($1B Murabaha), and Asia Digital Engineering ($100M facility), with consortium risk-sharing typical for large transactions.

Name

QNB Group

Legal name

QNB Group

Website

https://QNB.com

Company type

Public

Founded year

1964

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

QNB Group is the largest bank in the Middle East and Africa, majority-owned by Qatar Investment Authority, operating across 28 countries with QR1.41 trillion ($382B) in assets. It provides universal banking—corporate, retail, SME, private, and digital—plus syndicated lending, sustainable finance, and blockchain-enabled capital markets services.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)

Keywords

• Commercial banking services
• Wholesale corporate banking
• Transaction banking services
• Private wealth management
• Sustainable finance products

Headquarters

HQ city

Doha

HQ country

Qatar

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Net Interest Income: Primary revenue stream from interest earned on loans and credit facilities. QNB reported operating income of QR12.08 billion in Q1 2026, up 10% year-on-year, with total assets growing 6% to QR1,410 billion driven by 8% loan growth.
2. Fee and Commission Income: Transaction banking fees, cash management services, and digital banking service charges. QNB named Best Cash Management Bank in Qatar by Euromoney reflecting strength in this segment.
3. Sustainable Finance Products: Green bonds, sustainable financing facilities, and ESG-linked financial products. QNB issued EUR 750 million green bond (largest by a bank in Middle East) and provided over QR41 billion in sustainable financing in 2025.
4. Investment Banking and Capital Markets: Bond issuance underwriting, syndicated loans, and capital markets activities. QNB completed $500 million digital bond, $1 billion conventional bonds, and $1.5 billion syndicated term loan refinancing.
5. Cross-border Payment Services: International multicurrency collection and local account solutions for corporate clients through TransferMate partnership, enabling multi-currency international payments.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

QNB Group is a universal commercial bank that provides corporate banking, SME banking, retail banking, private banking and wealth management, transaction banking and cash management, and sustainable finance products to clients across 28 countries. The bank complements these traditional offerings with digital banking channels (mobile app, ezbank digital-first bank in Egypt and Saudi Arabia), cross-border payment solutions, and capital markets services including bond issuance and syndicated lending.

Product overview

QNB Group offers a comprehensive universal banking platform providing corporate banking, SME banking, retail banking, private banking and wealth management, digital banking, transaction banking, and sustainable finance products across 28 countries spanning the Middle East, Africa, and Asia. The core banking platform is augmented by sub-brands including ezbank (a digital-first bank for underserved segments in Egypt and Saudi Arabia), the QNB First Lifestyle rewards program accessible via the QNB Explorer app, the EMTN Programme for bond issuances, and a suite of green and sustainable finance products. Digital channels, mobile banking (including AI-driven financial services and features such as Digital Onboarding, 3D Secure, Visa Direct, and Multi-Currency Travel Cards), transaction banking, and cash management services form the digital banking layer. QNB's Innovation and Digital Transformation Office drives AI adoption, hybrid-cloud modernization, and fintech partnerships.

Differentiator

Problem solved

Functional benefit

Brands

• QNB First Lifestyle: Program offering access to over 500 lifestyle partners worldwide through QNB Explorer app, with discounts and exclusive offers in luxury categories across 30+ major cities.
• ezbank
• QNB Explorer App

Products and services

• Corporate Banking Wholesale banking services for large corporations and institutions, including term loans, working capital facilities, trade finance, project finance, and syndicated lending delivered across QNB's 28-country network in the Middle East, Africa, and Asia.
• SME Banking Banking solutions for small and medium enterprises, including working capital finance, the SME Local Business Boost initiative, and tailored services supporting economic diversification in Qatar.
• Retail Banking Mass-market retail banking for individual consumers including deposits, personal loans, mortgages, credit cards, and digital banking services delivered across QNB's global footprint.
• Private Banking and Wealth Management Tailored wealth management and private banking services for high-net-worth clients, recognized as Best Private Bank in Qatar at the MEED MENA Banking Awards 2025.
• Digital Banking (QNB Mobile App) Mobile and online banking platform featuring 3D Secure eCommerce Transaction Verification, Visa Direct fund transfers, Digital Onboarding, Multi-Currency Travel Card, and AI-driven financial services; recognized by Global Finance magazine as Best Mobile Banking App in Qatar.
• ezbank Digital-First Bank Standalone digital-first banking brand targeting underserved and lower-middle-class segments, launched in Egypt following Central Bank of Egypt approval in October 2025.
• ezbank Digital-First Bank (Saudi Arabia) Digital-first bank in Saudi Arabia launched in cooperation with Ajlan & Bros. Holding with SAR 2.5 billion capital, following Saudi Central Bank (SAMA) approval in October 2025.
• QNB First Lifestyle Program Premium rewards and privileges program offering QNB members access to over 500 lifestyle partners worldwide through the QNB Explorer app, with discounts and exclusive offers across luxury categories in 30+ major cities.
• Green and Sustainable Finance Products Suite of sustainable financing products including green bonds, sustainable financing facilities, and ESG-linked products aligned with Qatar National Vision 2030 and QNB's Net Zero by 2050 commitment.
• Transaction Banking and Cash Management Transaction banking services including cash management, trade finance, and cross-border payment solutions; recognized as Qatar's Best Cash Management Bank 2025 by Euromoney.
• QNB Visa Credit Cards QNB's Visa credit card portfolio, complemented by promotional campaigns such as the summer campaign offering prizes including Sea Ray boats and a luxury apartment on Gewan Island.
• Blockchain-Enabled Digital Bond Issuance $500 million digitally native bond issued via HSBC's Orion blockchain platform in November 2025, listed on the Hong Kong Stock Exchange — the largest blockchain-enabled digital bond issuance by a financial institution in the Middle East and Africa.

Quantifiable outcome

• QR12.08 billion operating income in Q1 2026, up 10% year-on-year
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability4 records

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Qatar FoundationcoreStrategic or Co-development Partner · 22 June 2026Five-year naming rights agreement to rename Education City Stadium to QNB Education City Stadium, reflecting shared commitment to sport development and Qatar National Vision 2030.
• Ooredoo FintechminorStrategic or Co-development Partner · 22 February 2026Partnership with Ooredoo Fintech and Monétique to enable walletii digital wallet launch in Tunisia, integrating with local financial system.
• State Street CorporationcoreStrategic or Co-development Partner · 21 January 2026Strategic cooperation agreement at World Economic Forum Davos to launch new custody servicing model in Qatar, combining State Street's global custody scale with QNB's local market leadership.
• MastercardcoreTechnology or Integration · 5 January 2026Mastercard license granted to QNB Group to extend issuing and acquiring activities in Syria, modernizing country's digital payments infrastructure for millions of citizens.
• Qatar ChamberminorStrategic or Co-development Partner · 12 December 2025Sponsorship agreement as 'Strategic Partner' for Commercial and Industrial Directory 2025 to promote business communication and economic diversification.
• HSBCcoreTechnology or Integration · 23 November 2025Partnership with HSBC for digital bond issuance using HSBC Orion blockchain platform. Successfully issued $500 million digitally native bond, the largest such transaction by a financial institution in MEA.
• TransferMatecoreTechnology or Integration · 3 November 2025Strategic partnership to expand international multicurrency collection and local account solutions for QNB corporate clients worldwide, enabling multi-currency international payments.
• Qatar Association of Certified Public Accountants (QACPA)minorImplementation/ SI/ Consulting Partner · 19 October 2025MoU to promote cooperation in accounting, auditing, governance, and professional training with knowledge exchange and capacity-building initiatives.
• JPMorgan ChasecoreTechnology or Integration · 11 October 2025Adopted JPMorgan's Kinexys Digital Payments blockchain network for USD clearing, becoming first Qatar-based bank to process cross-border USD transactions through this platform.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Al Rajhi Bank: Saudi Arabia's largest retail bank and one of the top GCC franchises by assets and market cap. Directly comparable to QNB as a regional universal bank competing for the same MEA corporate, retail and wealth management wallet.
• Saudi National Bank (SNB): Saudi Arabia's largest bank by assets and a top MEA franchise, majority-owned by the Public Investment Fund (PIF). Directly comparable to QNB in scale, sovereign ownership profile, and cross-MEA corporate + retail banking.
• Emirates NBD: UAE's leading bank, also within the top tier of MEA franchises by assets and brand value. Directly comparable to QNB as a universal bank competing for GCC corporate, retail, and Islamic banking customers.
• First Abu Dhabi Bank (FAB): UAE's largest bank by assets and a top MEA franchise, with sovereign ownership. Comparable to QNB across corporate banking, wealth management, transaction banking and capital markets.
• National Bank of Kuwait (NBK): Kuwait's largest and one of MEA's longest-established universal banks. Directly comparable to QNB in GCC corporate lending, regional cross-border banking, and treasury operations.
• Qatar Islamic Bank (QIB): Largest Islamic bank in Qatar and a direct domestic competitor to QNB across retail, corporate and SME banking. Comparable given similar geography, customer base and Sharia-compliant product set.
• Commercial Bank (Qatar): Qatar's other major universal commercial bank and a direct domestic competitor to QNB for corporate, retail and private banking customers in the Qatari market.
• Masraf Al Rayan: Major Qatari Islamic bank formed via the merger of Al Rayan and Khaliji Commercial Bank. Directly comparable to QNB as a domestic Qatari competitor with strong corporate and retail Islamic banking franchises.
• Arab National Bank: Large Saudi joint-stock bank serving corporate, retail, and treasury customers across the Kingdom. Comparable to QNB as a regional GCC universal bank with a strong corporate lending franchise.
• Gulf International Bank (GIB): Bahrain-headquartered wholesale bank majority-owned by Saudi Public Investment Fund, focused on corporate, project and syndicated finance across MEA. Comparable to QNB's wholesale/investment banking and cross-border franchise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/qnbgroup
• Facebookfacebook.com/QNBGroup

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds12 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments12 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about QNB Group