Qatar National Bank (QNB Group) (Arabic: بنك قطر الوطني) is a Qatari commercial bank headquartered in Doha, Qatar. It was founded in 1964 and currently has subsidiaries and associates in 31 countries spanning 3 continents. The bank's ownership is evenly divided between the Qatar Investment Authority and members of the public.
QNB Building in Doha, Qatar
|Traded as||QE: QNBK|
|Industry||Banking and Financial services|
|Founded||June 6, 1964as Qatar National Bank|
Number of locations
|4300 branches (2016)|
|Products||Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management|
|Revenue||US$6,4 billion (2016)|
|US$3,6 billion (2017)|
|Total assets||US$229.1 billion (2018)|
|Total equity||US$19 billion (2016)|
Number of employees
|Parent||Qatar Investment Authority (50%)|
QNB was founded on 6 June 1964 as the country's first domestically-owned commercial bank. It had 35 employees in its first year and was initially headquartered in a government-owned building in Qatar's capital city, Doha. The two currencies in circulation at the time were the Indian rupee and British pound. As Qatar's population continued increasing throughout the century, QNB started establishing branches in other parts of the country.
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 proceeding year, introduced VISA cards for its clients. By 2015, it had established 76 branches in Qatar.