QNB Group
Encyclopedia
Established in 1964 as the country's first Qatari-owned commercial bank, Qatar National Bank (QNB) ( Bank Qatar Al watani) has an ownership structure split between the Qatar Investment Authority (50%) and the private sector (50%).
QNB Group has steadily grown to be among the largest banks in the Middle East and North Africa Region and is by far the leading financial institution in the country with a market share approaching 40% of banking sector assets and a distribution network of 60 branches and offices in addition to more than 200 ATMs.
, with the largest market share in the country.
QNB Group has witnessed rapid international expansion in the past few years and has established presence in over 24 countries worldwide including branches in France
, Kuwait
, UK, Mauritania
, Oman
, Sudan
, South Sudan
, Singapore
, Yemen
and Lebanon
.
The Group has also extended its regional reach by acquiring stakes in various financial institutions including 35% stake in the Jordan
based, The Housing Bank for Trade and Finance (HBTF), 24% in Commercial Bank International (CBI) based in the United Arab Emirates
(UAE), 50% of the Tunisian-Qatari Bank, 23% in the Iraqi
based Mansour Bank and 20% stake in Al Jazeera Finance Company in Doha. QNB Group also retains 51% stake in QNB-Syria, a private stock company established jointly with other Syrian private and public sector institutions which started operations mid November 2009 and operates today more than 15 branches in the Syrian Republic.
QNB Capital, a subsidiary of QNB Group, was established in 2008 providing an array of investment banking services to corporate, government and institutional clients within Qatar
and globally. These include one of the best corporate finance teams in the GCC region offering extensive transaction experience, in depth advisory services – including mergers and acquisitions, equity, debt and project advisory, as well as first-class research capabilities.
QNB Financial Services (QNB FS) commenced trading on the Qatar Exchange in May 2011 and is the first independently regulated, licensed brokerage unit launched by a bank in Qatar
. QNB FS brokerage offers a multi-market, multi-currency trading platform with access to several GCC markets including Qatar
, UAE, and Oman
. It also provides a trading solution for buying and selling securities on the US and European
markets. QNB FS’ technology platform is enhanced by its in-house research team who provide fundamental research and analysis, sector reviews, and daily commentary on QE listed equities. Its advisory and brokerage teams are structured to service institutional investors, mutual funds, high-net worth individuals, retail and corporate clients locally, regionally, and globally.
QNB Group is among the highest rated regional banks from leading credit rating agencies including Standard & Poor’s, Moody’s, Fitch
, and Capital Intelligence. The Bank has also been the recipient of many awards from leading international specialized financial publications.
QNB Group has an active community support program and sponsors various social, educational, and sporting events
in relation to evidence of tax evasion by Ansbacher (Cayman) Ltd.
QNB Group has steadily grown to be among the largest banks in the Middle East and North Africa Region and is by far the leading financial institution in the country with a market share approaching 40% of banking sector assets and a distribution network of 60 branches and offices in addition to more than 200 ATMs.
Steady expansion
Since its foundation, QNB has steadily grown to become the leading financial institution in QatarQatar
Qatar , also known as the State of Qatar or locally Dawlat Qaṭar, is a sovereign Arab state, located in the Middle East, occupying the small Qatar Peninsula on the northeasterly coast of the much larger Arabian Peninsula. Its sole land border is with Saudi Arabia to the south, with the rest of its...
, with the largest market share in the country.
QNB Group has witnessed rapid international expansion in the past few years and has established presence in over 24 countries worldwide including branches in France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
, Kuwait
Kuwait
The State of Kuwait is a sovereign Arab state situated in the north-east of the Arabian Peninsula in Western Asia. It is bordered by Saudi Arabia to the south at Khafji, and Iraq to the north at Basra. It lies on the north-western shore of the Persian Gulf. The name Kuwait is derived from the...
, UK, Mauritania
Mauritania
Mauritania is a country in the Maghreb and West Africa. It is bordered by the Atlantic Ocean in the west, by Western Sahara in the north, by Algeria in the northeast, by Mali in the east and southeast, and by Senegal in the southwest...
, Oman
Oman
Oman , officially called the Sultanate of Oman , is an Arab state in southwest Asia on the southeast coast of the Arabian Peninsula. It is bordered by the United Arab Emirates to the northwest, Saudi Arabia to the west, and Yemen to the southwest. The coast is formed by the Arabian Sea on the...
, Sudan
Sudan
Sudan , officially the Republic of the Sudan , is a country in North Africa, sometimes considered part of the Middle East politically. It is bordered by Egypt to the north, the Red Sea to the northeast, Eritrea and Ethiopia to the east, South Sudan to the south, the Central African Republic to the...
, South Sudan
South Sudan
South Sudan , officially the Republic of South Sudan, is a landlocked country located in the Sahel region of northeastern Africa. It is also part of the North Africa UN sub-region. Its current capital is Juba, which is also its largest city; the capital city is planned to be moved to the more...
, Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
, Yemen
Yemen
The Republic of Yemen , commonly known as Yemen , is a country located in the Middle East, occupying the southwestern to southern end of the Arabian Peninsula. It is bordered by Saudi Arabia to the north, the Red Sea to the west, and Oman to the east....
and Lebanon
Lebanon
Lebanon , officially the Republic of LebanonRepublic of Lebanon is the most common term used by Lebanese government agencies. The term Lebanese Republic, a literal translation of the official Arabic and French names that is not used in today's world. Arabic is the most common language spoken among...
.
The Group has also extended its regional reach by acquiring stakes in various financial institutions including 35% stake in the Jordan
Jordan
Jordan , officially the Hashemite Kingdom of Jordan , Al-Mamlaka al-Urduniyya al-Hashemiyya) is a kingdom on the East Bank of the River Jordan. The country borders Saudi Arabia to the east and south-east, Iraq to the north-east, Syria to the north and the West Bank and Israel to the west, sharing...
based, The Housing Bank for Trade and Finance (HBTF), 24% in Commercial Bank International (CBI) based in the United Arab Emirates
United Arab Emirates
The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...
(UAE), 50% of the Tunisian-Qatari Bank, 23% in the Iraqi
Iraqi
Iraqi may refer to:* Something of, from, or related to the country of Iraq* Iraqi people, persons from Iraq, or of Iraqi descent. For information about the Iraqi people, see Demographics of Iraq and Culture of Iraq. For specific persons, see List of Iraqis....
based Mansour Bank and 20% stake in Al Jazeera Finance Company in Doha. QNB Group also retains 51% stake in QNB-Syria, a private stock company established jointly with other Syrian private and public sector institutions which started operations mid November 2009 and operates today more than 15 branches in the Syrian Republic.
QNB Capital, a subsidiary of QNB Group, was established in 2008 providing an array of investment banking services to corporate, government and institutional clients within Qatar
Qatar
Qatar , also known as the State of Qatar or locally Dawlat Qaṭar, is a sovereign Arab state, located in the Middle East, occupying the small Qatar Peninsula on the northeasterly coast of the much larger Arabian Peninsula. Its sole land border is with Saudi Arabia to the south, with the rest of its...
and globally. These include one of the best corporate finance teams in the GCC region offering extensive transaction experience, in depth advisory services – including mergers and acquisitions, equity, debt and project advisory, as well as first-class research capabilities.
QNB Financial Services (QNB FS) commenced trading on the Qatar Exchange in May 2011 and is the first independently regulated, licensed brokerage unit launched by a bank in Qatar
Qatar
Qatar , also known as the State of Qatar or locally Dawlat Qaṭar, is a sovereign Arab state, located in the Middle East, occupying the small Qatar Peninsula on the northeasterly coast of the much larger Arabian Peninsula. Its sole land border is with Saudi Arabia to the south, with the rest of its...
. QNB FS brokerage offers a multi-market, multi-currency trading platform with access to several GCC markets including Qatar
Qatar
Qatar , also known as the State of Qatar or locally Dawlat Qaṭar, is a sovereign Arab state, located in the Middle East, occupying the small Qatar Peninsula on the northeasterly coast of the much larger Arabian Peninsula. Its sole land border is with Saudi Arabia to the south, with the rest of its...
, UAE, and Oman
Oman
Oman , officially called the Sultanate of Oman , is an Arab state in southwest Asia on the southeast coast of the Arabian Peninsula. It is bordered by the United Arab Emirates to the northwest, Saudi Arabia to the west, and Yemen to the southwest. The coast is formed by the Arabian Sea on the...
. It also provides a trading solution for buying and selling securities on the US and European
European
European may mean:* A person or attribute of the continent of Europe* A citizen or attribute of or from the European Union** See also: Citizenship of the European Union* A person from a European ethnic group, or descended from one:** European American...
markets. QNB FS’ technology platform is enhanced by its in-house research team who provide fundamental research and analysis, sector reviews, and daily commentary on QE listed equities. Its advisory and brokerage teams are structured to service institutional investors, mutual funds, high-net worth individuals, retail and corporate clients locally, regionally, and globally.
QNB Group is among the highest rated regional banks from leading credit rating agencies including Standard & Poor’s, Moody’s, Fitch
Fitch
- Places :* Fitch, North Carolina* Fitch's Covered Bridge, Delhi, New York* Fitch H. Beach Airport, an airport at Charlotte, Michigan, USA* Fitch Township, Ohio* Mount Fitch, in Massachusetts, on the Appalachian Trail* Fitchburg, Massachusetts...
, and Capital Intelligence. The Bank has also been the recipient of many awards from leading international specialized financial publications.
QNB Group has an active community support program and sponsors various social, educational, and sporting events
Ansbacher Banking Group
QNB's wholly owned subsidiaries include the Ansbacher Banking Group, a specialist bank for private clients, which QNB bought from FirstRand Bank in 2004 shortly after FirstRand reached a settlement of €7.5m with the Revenue Commissioners of IrelandOffice of the Revenue Commissioners
The Office of the Revenue Commissioners , - now called simply Revenue - is the Irish Government agency responsible for customs, excise, taxation and related matters...
in relation to evidence of tax evasion by Ansbacher (Cayman) Ltd.