QNB Group
Financial services | ||
| Founded | June 6, 1964 as Qatar National Bank[1] | |
|---|---|---|
| Headquarters | , | |
Area served | Worldwide[2] | |
Key people | (Chairman), | |
| Products | Parent Qatar Investment Authority (50%) | |
| Website | www | |
Qatar National Bank (QNB Group) (
Qatari multinational commercial bank headquartered in Doha, Qatar. It was founded in 1964 and currently has subsidiaries and associates in 31 countries spanning three continents. The bank's ownership is evenly divided between the Qatar Investment Authority and members of the public.[4]
History
QNB was founded on 6 June 1964 as the country's first domestically-owned
British 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 in Al Khor and Mesaieed. The bank installed its first ATMs in 1988 in its Doha branches, and, in the next year, introduced VISA cards for its clients.[5] By 2015, it had established 76 branches in Qatar.[5] Qatar National Bank (QNB) controls an 82.59 percent stake in Bank QNB Indonesia.[6]
For the nine months ended September 30, 2020, net profit 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).[7]
See also
References
- ^ "Qatar National Bank". Forbes. Retrieved 6 July 2015.
- ^ "About QNB". Qatar National Bank. Retrieved 6 July 2015.
- ^ a b c d "Financial Results For The Year Ended 31 December 2022". QNB Group. Retrieved 1 April 2023.
- ^ "فروع بنك قطر الوطني QNB فى قطر". 10 November 2020. Archived from the original on 10 November 2020. Retrieved 10 July 2022.
- ^ a b c d "50 years of national pride". Gulf Times. 9 June 2014. Retrieved 6 July 2015.
- ^ "How embargo affects Qatar investment in Indonesia". The Jakarta Post. Retrieved 27 December 2018.
- ^ "9.5 مليار ريال.. أرباح مجموعة بنك قطر الوطني في الشهور التسعة الأولى من العام الجاري - جريدة الراية". 15 October 2020. Archived from the original on 15 October 2020. Retrieved 3 August 2022.