Vision/Mission
Vision
To become a Middle East & Africa icon by 2017.
Mission
• To be the institution of choice for customers, employees, investors and suppliers.
• To be the dominant market player.
• Maintain the highest credit ratings.
• Have strong brand recognition and high brand value.
• Achieve sustainable profitable growth.
• Enhance shareholder value.
Background
• Since its formation in 1964, QNB – previously known as Qatar National Bank until we rebranded in 2004 to QNB – has undergone a huge transformation over the decades, but one value has remained: we are passionate about our supporting role in the development of Qatar. And it is this role that continues to be our greatest strength today.
• QNB has never lost sight of its principle aim which is to help Qatar reach its potential. And while no one at the time quite understood how far that achievement would take us, the support we have provided over the years, and continue to provide, is recognised and valued.
• It is an honor to be a part of Qatar’s meteoric economic assent to rival the greatest cities, not only in the GCC but in the world.
• Looking back at our achievements inspires us to continue to play a leading role in our nation’s future. We believe in investing and supporting the Qatari people to go forward with confidence, zest and determination.
Building the future
• In 1966, QNB played a key role in financing the construction of Doha’s International Airport. Today we continue to play a leading role in financing massive infrastructure projects, including the new International Airport complex.
• Included among the numerous construction projects QNB has financed through its corporate banking sector over the decades are industrial plants and expansions (Al Shamal Gas Field Project, Ras Laffan) to support the extraction of Qatar’s vast liquid natural gas (LNG) resources; iconic towers, such as The Shard tower in London; world-class educational facilities, including Qatar Education City, home to several international post-secondary institutions; and leading health facilities and extensive residential and commercial developments. It was also instrumental in developing the towers that house the Qatar Financial Center and a key force in the country’s successful bid to host the Asian Games in 2006 and its forthcoming hosting of the 2022 FIFA World Cup.
An expanding sphere of influence
• In 1976, less than a decade after opening its first domestic branch, QNB launched its international presence with the opening of a branch in London, UK. Its international presence was complemented two years later with a branch opening in Paris, France. Then, in 2005, it began implementing an intensive and ambitious international expansion plan, enabling it to extend its presence into more than 26 countries today, comprised of associates, subsidiaries, branches and representative offices.
• In 2009 QNB Geneva was opened, providing a third European presence for the QNB brand. Around the same time, the group launched QNB-Syria, strengthening its presence in the Middle East. Today QNB-Syria has 15 branches located strategically throughout the country and will continue to expand.
• QNB is determined to complement its leading role in shaping Qatar with a strong regional presence in the Middle East and North Africa (MENA). It is committed to enabling Qatar to positively influence economic development throughout neighboring countries.
Continuing to capitalize on growth potential
• In addition to expanding its European presence, in 2008 QNB significantly enhanced its domestic offerings with the launch of QNB Capital, offering expert advice on mergers and acquisitions (M&A), equity, debt and project advisory services. From M&A valuations, deal structuring and support with negotiations and transactions, to support with initial public offerings and rights issues, hedging debts and debt sourcing, QNB Capital provides a vast range of professional advice to clients looking to capitalize on opportunities.
• QNB was the first bank in Qatar to launch a financial services subsidiary. The launch of QNB Financial Services (QNBFS) in January 2011 continued to expand the bank’s persona as a modern-day financial success story. QNBFS offers a range of financial services to domestic and foreign institutional investors, high-net-worth individuals, retail and corporate clients, including mutual funds, brokerage services, research and advisory intelligence and asset management.
• As it continues to go forward, honing new skills, developing new assets and expanding its sphere of influence, QNB is determined to position itself as a leading financial powerhouse that can, and will, use its assets to make a positive difference in the communities it serves.
Products/Services
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 dept 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.
Markets
The group has recently completed the acquisition of 99.81% stake in Turkey’s Finansbank A.Ş., the fifth largest privately owned universal bank in Turkey by total assets, customer deposits and loans. QNB owns a 20% stake (both ordinary and QNB convertible preference shares) in Ecobank Transnational Incorporated (Ecobank), the leading pan-African bank.
In 2013, the group successfully completed the acquisition of a controlling stake of the second largest private bank in Egypt, QNB ALAHLI (QNBAA), amounting to 97.12%.
The group has also extended its regional reach by acquiring stakes in various financial institutions including a 35% stake in the Jordan-based Housing Bank for Trade and Finance (HBTF), 40% in Commercial Bank International (CBI) based in the United Arab Emirates (UAE), 99.96% of QNB Tunisia, 51% in the Iraqi-based Al-Mansour Investment Bank, 49% of the Libyan based Bank of Commerce & Development, and 20% stake in Al Jazeera Finance Company in Doha. QNB Group also retains 51% stake in QNB-Syria, an 82.59% stake in QNB Indonesia.
Location
QNB’s headquarters is in its country of origin, Qatar.
The group’s presence through its subsidiaries and associate companies now extends to more than 30 countries across three continents providing a comprehensive range of advanced products and services.
Competitive Advantages
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 (AA-), and Capital Intelligence (AA-). The bank has also been the recipient of many awards from leading international specialised financial publications.
Company Goals & Objectives
• To become a Middle East & Africa Icon by 2017.
• To become a leading Middle East, Africa and South East Asian (MESEA) bank by 2020.
Employees
The total number of employees is more than 27,300 operating through more than 1,200 locations, with an ATM network of more than 4,300 machines.
Highlights
Bloomberg Markets, the leading provider of business, financial and economic news, has been ranking QNB as “One of the World’s Strongest Banks” since 2013.
The Global Finance Magazine ranked QNB as “One of The Top 50 Safest Banks in the World” in 2013.
For two consecutive years, 2014 and 2015, the bank was recognised as “The Best Bank in The Middle East” by Euromoney Magazine.
