1 QNB GROUP

Country: Qatar Sales: $15.6 B Profits: $3.8 B Assets: $236.9 B Market Value: $49.6 B

Qatar National Bank (QNB) Group was established in 1964 as the country’s first Qatariowned commercial bank, with an ownership structure split half between the Qatar Investment Authority and the remaining 50% held by members of the public. QNB is the largest financial institution in MENA. QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents, providing a comprehensive range of advanced products and services. Its 30,000-strong workforce operates across 1,100 locations, with an ATM network of more than 4,400 machines.

QNB Group has maintained its position as one of the highest rated regional banks from leading credit rating agencies including Standard & Poor’s (A), Moody’s (Aa3), Fitch (A+), and Capital Intelligence (AA-). In April, QNB raised $850 million in Formosa bonds, which was arranged by Standard Chartered Bank (Taiwan) Limited. This was part of QNB Group’s strategy to diversify funding from new markets, especially Asia.