Qatar National Bank S.A.Q (QNB Group) was established in 1964 as the country’s first Qatari-owned commercial bank, with an ownership structure split between the Qatar Investment Authority (50%) and (50%) held by members of the public.QNB Group has steadily grown to be the biggest bank in Qatar and a leading financial institution in the Middle East and Africa region.
For the three months ended 31 March 2016, the Group recorded a net profit of QAR2.9 billion (USD787 million), up by 7% compared to the same period last year. Total assets increased by 10% from March 2015 to reach QAR550 billion (USD151.1 billion), the highest ever achieved by the Group. This was driven by a growth rate of 16% in loans and advances to reach QAR402 billion (USD110.4 billion).
QNB Group continues its robust international expansion, in December 2015, QNB Group entered into a definitive agreement with the National Bank of Greece for the acquisition of its entire stake comprising 99.81% in Finansbank A.Ş (Finansbank) in Turkey. QNB expects to finalise the transaction during the first half of 2016.In March 2015, QNB Group officially started operating its “Qatar National Bank S.A.Q-. Chi Minh City Representative Office” in Vietnam.During the second half of 2015, QNB received approval from the Saudi cabinet to open a branch in the Kingdom, this process has commenced.In March 2016, the Group also commenced operations in Myanmar through a representative office.
QNB owns a 20.0% 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 35% stake in the Jordan-based, the 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 and an 82.59% stake in QNB Indonesia (previously known as QNB Kesawan).
There are always new vacancies coming up in Qatar National Bank. While this is not the official career page Qatar National Bank, we hope to quickly show you below the current live vacancies on the net.Qatar National Bank
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