Qatar National Bank (QNB Group) (Arabic ：بنك قطر الوطني） Is A Qatari Multinational Commercial Bank Headquartered In Doha, Qatar. It Was Established In 1964 And Currently Has Subsidiaries And Associates In 31 Countries On Three Continents. The Ownership Of The Bank Is Divided Equally Between The Qatar Investment Authority And The Public.
History
QNB Was Established On June 6, 1964 As The First Domestic Commercial Bank In The Country. It Had 35 Employees In Its First Year And Was Originally Headquartered In A Government Building In Doha, The Capital Of Qatar. The Two Currencies In Circulation At The Time Were The Indian Rupee And The British Pound. As Qatar's Population Continued To Grow This Century, QNB Began To Establish Branches In Other Parts Of The Country.
In 1974, The First Branches Outside Doha Opened In Al Khor And Mesaieed. The Bank Installed Its First ATM In 1988 At Its Doha Branch And Introduced VISA Cards For Its Customers The Following Year. [5] As Of 2015, It Had Established 76 Branches In Qatar. The National Bank Of Qatar (QNB) Controls An 82.59% Stake In QNB Indonesia Bank.
Net Profit For The Nine Months Ended September 30, 2020 Was 9.50 Billion Qatari Riyals (2.60 Billion USD). Total Assets Also Increased By 8% Since September 30, 2019 To 986 Billion Qatari Riyals (271 Billion USD).
