List of Top Banks in Qatar . The Law of the Qatar Central Bank and the Regulation of financial Institutions Issued by virtue of Law no (13) of 2012 defined QCB Objectives and its relations with other institution in Qatar under Part II in Articles no.5,6,7 and 8 as follows:
Article no. (5) defines that QCB, for the purposes of developing and supporting the national economy, aims at achieving the following within the framework of Qatar’s general economic policy:
1. Preserve money value and assure monetary stability
2. Act as a regulatory, control and supervisory higher authority for all the services, business, markets and financial activities inside or through the state of Qatar in accordance with the best international standards and practices.
3. Establish a stable, transparent, competitive and governance sector for carrying out services, business, markets and financial activities based on market rules.
4. Reinforce public confidence in Qatar as a pioneering global hub for services, business, markets and financial activities.
5. Ensure consistent development of services, business, markets and financial activities sector in line with the objectives of economic and comprehensive development in Qatar.
Arab Bank provides a wide range of financial products and services for individuals, corporations and other financial institutions.
Grand Hamad Street, P. O. Box 172,QatarDoha+ 974 44387777
Qatar National Bank
Qatar National Bank (QNB) is the largest of the commercial banks in Qatar. It is headquartered in Doha, Qatar’s capital city. The first domestically owned commercial bank in Qatar, QNB was founded in 1964, growing into not just the biggest in Qatar but also the largest financial institution in the Middle East. QNB owns and operates subsidiaries in 31 countries. The bank is jointly owned by the Qatar Investment Authority and members of the public, each of which has a 50% ownership interest.
Assets in 2016: $197,718,273,000
Assets in 2015: $147,968,995,000
Growth Rate (2015-2016): 33.62%
Net profit in 2016: $3,407,769,000
Return on assets (ROA) in 2016: 1.72%
Qatar National Bank Building, Al Corniche Street, Doha,QatarDoha+974 4440 7777
Suhaim Bin Hamad Street PO Box 2001,QatarDoha+974 4447 8000
Qatar Islamic Bank
Qatar Islamic Bank (QIB) is the largest of Islamic banks in Qatar. QIB was established in 1982 with paid-up capital of QR25 million and opened its first branch in 1983 as Qatar’s first Islamic financial institution. Since it is an Islamic financial Institution, all products and services offered by the bank are supervised by a Sharia Board. The Sharia Board ensures that the bank adheres to Islamic banking principles. For instance, Islamic banking rules forbid usurious lending (i.e., charging interest on loans).
Assets in 2016: $38,415,969,000
Assets in 2015: $34,898,490,000
Growth Rate (2015-2016): 10.08%
Net Profit in 2016: $579,869,000
Return on Assets (ROA) in 2016: 1.51%
Abu Buhruri St 1 – Al Najada,P.O.Box: 559,QatarDoha+974 44448444
Standard Chartered Bank Qatar
Standard Chartered Bank is one of the oldest Banks in the country. The Bank has two core business divisions – wholesale banking and consumer banking.
Burj Doha, Al Corniche Street, P.O. Box 29,QatarWestbay(+974) 44658555
The Commercial Bank of Qatar is the largest of the private banks in Qatar. It was set up by a Qatari businessman, Hussain Alfardan. Alfardan previously worked for Standard Chartered (then called Eastern Bank Limited) and saw the need for a private commercial bank in Qatar. The Commercial Bank of Qatar was established in 1975 as the first private bank in the country. The bank started operations on April 10, 1975, out of a small two-story building in what is now Souq Najada.
Assets in 2016: 35,818,760,000
Assets in 2015: 33,906,883,000
Growth Rate (2015-2016): 5.64%
Net profit in 2016: $137,741,000
Return on assets (ROA) in 2016: 0.38%
For any questions or support on Mobile or Internet Banking, please email firstname.lastname@example.org or call 4449 0000.
Masraf Al Rayan
Masraf Al Rayan is the second largest Islamic bank in Qatar. Al Rayan was incorporated in 2006 and operates 12 branches situated across Qatar. It is licensed by the Qatar Central Bank and is listed on the Qatar Stock Exchange. Al Rayan is primarily composed of three divisions: Al Rayan Retail Banking, Al Rayan Wholesale Banking, and Al Rayan Private Banking.
Assets in 2016: $25,145,879,000
Assets in 2015: $22,809,341,000
Growth Rate (2015-2016): 10.24%
Net profit in 2016: $570,055,000
Return on assets (ROA) in 2016: 2.27%
Masraf Al Rayan
P O Box 28888
State of Qatar Call centre: +974 4425 3333
Assets in 2016: $24,825,535,000
Assets in 2015: $22,887,119,000
Growth Rate (2015-2016): 8.47%
Net profit in 2016: $289,500,000
Return on assets (ROA) in 2016: 1.17%
Doha Bank is one of the largest commercial banks in Qatar. Doha Bank was incorporated in 1978 and started its operations in March 1979. Doha Bank primarily comprises four divisions: Wholesale Banking, Retail Banking, International Banking, and Treasury and Investments. The bank also operates branches in Kuwait, UAE, and India, as well as representative offices in China, Japan, Singapore, Hong Kong, the United Kingdom, Canada, and Germany.
AL Riyada Head Office Tower, Mezzanine floor, Corniche Street, P.O. Box : 3818,QatarDoha+974 4445 6000
The bank offers a full range of cross border banking products and services from Commercial and Global Banking to Retail Banking and Wealth Management and Offshore banking.
Building 150, Al Matar Street, Umm Ghuwailina, P.O. Box 57,QatarDoha+974 4442 4722
Al Khaliji Commercial Bank
Assets in 2016: $16,647,596,000
Assets in 2015: $15,558,800,000
Growth Rate (2015-2016): 7%
Net Profit in 2016: $117,193,000
Return on Assets (ROA) in 2016: 0.7%
Al Khaliji Commercial Bank operates out of Doha, with a strong presence not just in Qatar but also in the UAE, including offices in Abu Dhabi, Dubai, Sharjah, and Ras Al Khaima. Al Khaliji also maintains an office in Paris, France. Al Khaliji primarily consists of four divisions: Wholesale Banking, Retail Banking, Treasury Management, and Central Functions Management.
Barwa Bank is the youngest Islamic Bank in Qatar. It is licensed and regulated by the Qatar Central Bank. As with other Islamic Banks, all services provided by Barwa Bank are Sharia-compliant (i.e., they follow Islamic Banking rules and regulations). Barwa Bank offers retail banking, corporate and commercial banking, business banking, private banking, real estate financing, and asset management services.
Assets in 2016: $12,651,011,000
Assets in 2015: $12,418,027,000
Growth Rate (2015-2016): 1.88%
Net Profit in 2016: $202,968,000
Return on Assets (ROA) in 2016: 1.60%
Qatar International Islamic Bank
Qatar International Islamic Bank (QIIB) is a privately owned Islamic Bank. QIIB was established in 1991 and is licensed and regulated by the Qatar Central Bank. As with other Islamic Banks on this list, all the services QIIB provides are Sharia-compliant.
Assets in 2016: $11,689,824,000
Assets in 2015: $11,137,375,000
Growth Rate (2015-2016): 4.96%
Net Profit in 2016: $215,596,000
Return on Assets (ROA) in 2016: 1.84%