Largest Banks in Qatar

The top largest banks in Qatar are Qatar National Bank, Qatar Islamic Bank, Commercial Bank of Qatar, to name a few.

The Qatar National Bank (QNB) is the largest bank in the country. It was named the Best Asset Manager - Qatar, at the inaugural “Future of Capital Markets in the Middle East” Summit & Awards hosted in Dubai by Global Investor/Isf Magazine (2010). In addition, QNB was named “Best Bank in Qatar” for the year 2010 by The Banker magazine, an affiliate publication of the Financial Times.

QNB is also the highest rated bank in the country with the widest coverage and has a rating from Moody’s, Standard and Poor’s, Capital Intelligence, and Fitch.

Commercial Bank of Qatar (CBQ) is one of the largest private sector banks in the country, providing comprehensive Corporate, Retail, Islamic and Investment services as well as owning and operating Diners Club franchises. The bank has excellent credit ratings of (A) by Fitch, (A1) by Moody’s and (A-) by Standard & Poor’s. It is listed on the Qatar Exchange and was the first Qatari bank to list its Global Depository Receipts (GDRs) and bonds on the London Stock Exchange. In 2010 it won the ‘J.P. Morgan Quality Recognition Award’ for Operational Excellence for the sixth consecutive year.

Qatar Islamic Bank (QIB) is the leading Islamic institution in Qatar and owner of the largest Islamic banking network in the world. It has established a strong international presence by participating in the establishment of a range of finance houses in the Middle East, Europe and Asia.

* Next: Largest Banks in Kuwait