Qatar
1. Qatar National Bank -
Qatar National Bank (QNB Group) was established in 1964 as the country’s first Qatari-owned commercial bank, has an ownership structure split between the Qatar Investment Authority (50%) and the private sector (50%).
QNB Group has steadily grown to be the largest bank in the Middle East and North Africa Region and is by far the leading financial institution in the country with a market share exceeding 45% of banking sector assets. Bloomberg Markets, the leading provider of Business, Financial and Economic news has ranked QNB as the World’s Strongest Bank in its 2012 ranking. The 78 banks in Bloomberg’s ranking list included some of the largest and most renowned financial institutions in the world, with QNB being the only bank from the MENA Region. The Group recorded net profit, for the nine months ended 30 September 2013, of QR7.1 billion, up by 14.1% compared to the same period last year. This was driven by operating income, including the share of results of associates, which increased to QR10.9 billion, up by 29.0% compared to September 2012, demonstrating QNB Group’s success in achieving strong growth across the range of revenue sources. Total assets increased by 24.5% since 30 September 2012 to QR437 billion, the highest ever achieved by the Group.
QNB Group continued to witness robust international expansion, successfully completing the acquisition of a controlling stake of the second largest private bank in Egypt, QNB Al Ahli (QNB AA), previously known as NSGB), amounting to 97.12% during Q1, 2013. 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 Mansour 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 a 70% stake in QNB Kesawan in Indonesia. QNB Group opened a representative office in China and established a fully owned subsidiary in India under the name of “QNB (India) Private Limited”. With the addition of the new subsidiary in India and the new office in China, the Group’s presence through its subsidiaries and associate companies increased to 26 countries providing a comprehensive range of advanced products and services. The total number of staff is almost 13,500 operating from over 570 locations, with an ATM network of over 1,200 machines.
The Group provides an array of investment banking services through its subsidiary, QNB Capital, to corporate, government and institutional clients within Qatar and globally. QNB Capital has one of the best corporate finance teams in the GCC region offering extensive transaction experience and in depth advisory – including mergers and acquisitions, equity and debt capital markets, and project financing advisory. The Group also offers brokerage services through its subsidiary, QNB Financial Services (QNB FS), the first independently regulated, licensed brokerage company launched by a bank in Qatar. QNB FS offers a multi-market, multi-currency trading platform with access to several markets. QNB Group is among the highest rated regional banks from leading credit rating agencies including Standard & Poor’s (A+), Moody’s (Aa3), Fitch (A+), and Capital Intelligence (AA-). The Bank has also been the recipient of many awards from leading international specialized financial publications. Based on the Group’s continuous strong performance and the expanding international presence, the bank is currently ranked as the most valuable brand in the MENA region, with a current world ranking of 120 in 2013. QNB Group has an active community support program and sponsors various social, educational and sporting events.
Address : Airways Bldg, Airport Road, Qatar.
Website : www.qnb.com.qa, Phone number : 974-440-7777
2. Al Ahli Bank of Qatar -
Founded in 1983, Ahli bank's client base over the last thirty years has grown rapidly among its clients. Ahli bank is involved in banking and investment services through a network of 17 branches in Qatar providing a fullest array of products and services within major business segments: Corporate Banking, Treasury and Investments, Retail and Private Banking & Wealth Management. The Bank has affirmed as A- (Stable) by Fitch ratings and Capital Intelligence. These ratings bear testament to Ahli Bank's strong underlying business fundamentals realised through effective and focused execution of its well defined strategies within a prudent and acceptable risk management framework.
Group Mission Statement
To create an unrivalled ability to meet customer needs, provide fulfillment and development for our staff and deliver outstanding shareholder value
Objectives
- To maximize shareholder value on a sustainable basis
- To maintain the highest international standards of corporate governance and regulatory compliance
- To maintain solid capital adequacy and liquidity ratios
- To entrench a disciplined risk and cost management culture
- To develop a cross-cultural meritocratic management structure
- To optimize staff development through business driven training and profit related incentive
- To contribute to the social and economic advancement of the communities in which the bank operates
Address : Suhim Bin Hamad Street, Al-Sadd, P.O.Box. 2309, Doha, Qatar.
Website : www.ahlibank.com.qa, Phone number : 974-423-2507
3. Doha Bank Limited -
Doha Bank is the largest private commercial bank in the State of Qatar. It was incorporated in 1978 and commenced its domestic and international banking services in Doha, Qatar on March 15, 1979. As one of Qatar's leading financial services company, Doha Bank is committed to making banking work for customers and clients like it never has before. Through innovative technologies and the ingenuity of its people, Doha Bank provides individuals and commercial, corporate and institutional clients across Qatar and even internationally, new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever, wherever and however they choose through an extensive network, and multiple access channels.
Doha Bank aims to be recognized as a dynamic, modern bank with enduring age-old values. The bank has achieved very impressive results in over two decades of its history. This has been a combined result of the management's foresight, employee dedication and tremendous customer response. We now look forward to a promising future, with better banking experiences for our customers, better returns for our shareholders, and an even more progressive and prosperous environment for our employees.
Address : Corniche Street, West Bay, P.O. Box : 3818, Doha, Qatar.
Website : www.dohabank.com.qa, Phone number : 974-471-5634
4. Central Bank Qatar -
Core Purposes
Qatar Central Bank works within the framework of the Decree Law No. 33 of 2006, which provides the objectives and functions of the QCB as follows :
First: QCB Objectives
1.Stability of Riyal exchange rate and its capability of being exchanged for other currencies.
2.Stability of commodities and services prices.
3.Financial and banking stability.
4.Other macroeconomic and development objectives consistent with the State policy and the objectives
mentioned above.
In its quest to achieve the foregoing, Qatar Central Bank maintains a balance between local and external
considerations in order to avoid imbalances and instability, through :
a.Layout and enforce the State monetary policy, policy of the exchange rate and financial and banking
supervision.
b.Take appropriate measures to counter global, regional and local, economic and financial disturbances and
strive to detect the dangers that threaten the financial system as a whole, and reduce the repercussions of the
same.
c.Strengthen the infrastructure of assisting central banking services systems i.e., payment systems, clearance,
credit bureaus and others, including the QCB’s role as lender of last resort.
d.Regulate, monitor, supervise and develop the banking business, and enhance its efficiency, so as to achieve monetary and financial stability.
e.Notify the Council of Ministers of any factors, which may endanger the financial or banking stability and
propose the relevant policies.
Second: QCB Tasks and Functions
1.Issue banknotes and identify their categories and specifications, along with coin minting and currency re-issue, redemption and exchange.
2.Manage and control the Qatari Riyal exchange rate against one currency or more, the special drawing rights, or any other arrangements in order to preserve the foreign value of the Qatari Riyal. The QCB may enter into
bilateral or multilateral agreements in respect of exchange rate, or application of unified rates of exchange, or an agreement on a single currency.
3.Establish and enforce the monetary policy, and announce this policy, as well as any change that may occur in
the policy itself or its objectives.
4.Manage the liquidity in the national economy, work in the open market, and deduct the financial instruments
when submitted by banks, subject to the terms and conditions specified by the Bank.
5.Issue and manage public debt bonds in addition to the payment of their value, profits and commissions, in its
capacity as the financial agent of the State, ministries and other government institutes and public bodies and
corporations, in accordance with the terms and conditions agreed upon with the Minister of Finance.
6.Establishment of the systems, which lead to the stability and organization of the banking system and increase
its efficiency and contribute to its development.
7.Efficiently supervise, control and grant licenses to financial institutions and representation offices, and prepare
the fundamentals and regulations and review and develop the same on an ongoing basis.
8.Supervise and control investment funds, pension funds and combat money laundering in accordance with the
law or as authorized by the State, and organize the issuance of fixed - proceeds securities.
9.Supervise and control anti money laundering and combating the financing of terrorism (AML/CFT) operations.
10.Administer and invest QCB’s funds and reserves.
11.Establish, administer and develop supporting central banking services systems e.g., payment systems,
clearance, credit bureaus and otherwise.
12.Act as a bank for the banks operating in the State.
13.Offer advice to the Council of Ministers in all financial and economic affairs.
14.Represent the State in international and Arab financial monetary institutions.
15.Collect and publish statistics relating to QCB role and functions.
Address : P.O. Box No.1234, Doha, Qatar.
Website : www.qcb.gov.qa, Phone number : 974-445-6456
5. Qatar Islamic Bank -
Qatar Islamic Bank (QIB) was founded in 1982, becoming the country’s first Islamic financial institution and Sharia’-compliant bank. Its products and operations are supervised by a Sharia’ board, which ensures the Bank adheres to Islamic finance principles.Capital amounted to 2.36 billion at the end of the first half of 2013 .Total assets reach 73.2 billion as of end of 2012.
QIB is now the largest Islamic bank in Qatar by far, with a 35% share of the Islamic sector and a 9% share of the banking market overall.
QIB conducts its domestic business through 31 branches spread throughout the country in additional to private centers for Ladies and dedicated lounges for affluent customers, augmented by more than 170 multi-function ATM installations.
QIB is also one of the top six Islamic banks in the MENA region and pursues a vision to become the world leader in the sector.
In addition to its core banking activities, QIB has a stake in a number of other Qatari Sharia’-complaint companies like: Qinvest, Al Jazeera Finance, Aqar Real Estate, Damaan Islamic Insurance Company (Beema).
QIB’s ambitions are now international, as evidenced by its affiliate: QIB –UK in London, AFH in Lebanon, AFB in Malaysia, and QIB Sudan.
QIB aims to be a bank of the people, for the people, with an ongoing commitment to enhancing its levels of customer service and becoming completely ‘customer-centric’ through adoption of the latest banking technologies. A further part of the Bank’s strategy is closely tied into the financing of national infrastructure projects, major industrial SMEs, and the trade sector.
QIB has dedicated proposition for their affluent customers Tamayuz program, in addition to QIB Private Banking who covers the high end customers. QIB has also launched “Aamaly” program to serve small and medium-sized enterprises SMEs.
QIB performance has been independently rated by international agencies in ‘A’ rating from Fitch, Capital Intelligence and Standard & Poors.
QIB committed to Corporate Social Responsibility (CSR) activities and seek a progressive role in this field in order to implement CSR strategy through sponsoring activities and conferences (health, educational, social, cultural, environmental and charitable).
QIB has been internationally recognized by a number of bodies as the ‘Best Islamic Financial Institution in Qatar.
Address : Grand Hamad Street, Doha, Qatar.
Website : www.qib.com.qa, Phone number : 974-444-8444
6. Qatar Development Bank -
Qatar Development Bank (QDB) is a financial entity fully owned by the government, set up by an Emiri Decree to invest in and develop local industries by supporting small and medium enterprises in Qatar. QDB aligned its strategy to correspond with the Qatar National Vision for the year 2030, to promote and facilitate development and growth of small and medium enterprises in core economic realms, resulting with long-term socioeconomic benefits to the people of Qatar. In addition to providing financial aid, the bank also offers advisory support and guidance to small and medium enterprises regarding start up, growth and expansion of their activities, aiming to establish a sustainable economic system. QDB recently launched an additional program named TASDEER, offering export financing services, business development services and support for promotion of private sector exporters based in Qatar.
Address : PO Box 22789, Grand Hamad Street, Doha, Qatar.
Website : www.qdb.qa, Phone number : 974-442-1600
7. The International Bank of Qatar -
The International Bank of Qatar (ibq)* is a well established and rapidly growing commercial institution, offering a full range of retail, private, and corporate banking solutions. Ibq has a strong commitment to build long-lasting relationships with its customers and provide them with excellent customer service with a focus on making banking simple, convenient and tailored to their needs. IBQ is one of the oldest existing banks in Qatar and celebrated its 50th anniversary in 2006. Read more about our history. Ibq operates a growing network of 6 branches and service centres and 32 ATMs in strategic locations throughout Qatar. The bank is 30% owned and managed by the National Bank of Kuwait (NBK), the largest bank in Kuwait and the highest rated in the Middle East. ibq is a growing bank that benefits from an international network as a result of its affiliation with NBK which gives its customers access to greater resources and a wide range of international services.
In June 2009, ibq was recognised as "the fastest moving bank in the Middle East” in "The Banker magazine's Top 1,000 World Bank survey 2009". The commitment to customer relationships and best practice is reflected in the numerous awards won by the bank, including, "Best Private Bank for Privacy and Security" in Qatar award for 2013, by Euromoney Magazine, "Best Private Banking Services in Qatar" award for 2012 by "Euromoney Magazine", "Best Credit Card in Qatar Award from the Banker Middle East Magazine, "Best Retail Bank in Qatar 2011" from Arabian Business and “Best Customer Service in the Middle East” award for 4 consecutive years 2008, 2009, 2010 and 2011 from the 'Banker Middle East' Magazine.
Our vision
To be a leading financial institution in Qatar by distinguishing ourselves through the quality of our services and strength of our relationships.
Our mission
- To work with enthusiasm and integrity to provide a personalised service for all our customers.
- To foster a spirit of partnership and respect, and make a positive impact on the market by creating long term
growth for our shareholders, customers and community.
Address : PO Box 2001, Doha, Qatar.
Website : www.ibq.com.qa, Phone number : 974-444-7800
8. The Commercial Bank of Qatar -
Commercial Bank plays a vital role in Qatar’s economic development through offering a range of personal, business, government, international and investment services. What we do is just as important as how we do it. Our promise – that everything is possible – governs how we approach our business. Our services support individuals, the public sector and companies of all sizes in Qatar and internationally. Commercial Bank operates in Retail and Wholesale banking and makes strategic investments through its associates and subsidiaries.
Wholesale Banking division
Provides a range of conventional commercial and investment banking services and products to large, medium and small enterprises. These include corporate lending, trade finance, syndicated loans, deposits, letters of credit and guarantees.
Retail Banking division
Provides a full suite of conventional personal banking services and products to retail customers in Qatar, including current and deposit accounts, wealth management, mortgage lending, personal loans, vehicle loans, credit cards and other card services.
Partners and subsidiaries
Through our network of banking partners, subsidiaries and strategic partners we are able to offer a unique market proposition and generate better value for our customers, clients and shareholders alike. Find out more about Commercial Bank’s partners.
Our successful strategy has diversified our income streams and expanded our GCC footprint, while continual investment in technology and people – together with our strong capital base – provides a solid foundation for further growth. Commercial Bank has a robust financial position. We had total assets of QAR 80.0 billion on the 31st December 2012, and we enjoy strong credit ratings. The Bank is listed on the Qatar Exchange and was the first Qatari bank to list its Global Depositary Receipts, as well as bonds, on the London Stock Exchange. Our Swiss Franc bond is listed on the SIX Swiss Exchange and was the first public bond issued by a Qatari bank in Switzerland.
The Bank is dedicated to supporting Qatar’s community and social infrastructure through Corporate Social Responsibility programmes and sponsorship of various events. Title sponsorship of the Commercial Bank Qatar Masters and the Grand Prix of Qatar Moto GP reflects the Bank’s promotion of excellence in sports and its keen interest in enhancing Qatar’s international sporting reputation. To reinforce Qatar’s flourishing cultural environment, Commercial Bank is the strategic banking partner of the Katara Cultural Village. This collaboration symbolises the Bank’s commitment to supporting cultural activities in Qatar and making the country a regional arts and cultural hub.
Address : D Ring Rd, Doha 3232, Qatar.
Website : www.cbq.qa, Phone number : 974-449-0000
1. Qatar National Bank -
Qatar National Bank (QNB Group) was established in 1964 as the country’s first Qatari-owned commercial bank, has an ownership structure split between the Qatar Investment Authority (50%) and the private sector (50%).
QNB Group has steadily grown to be the largest bank in the Middle East and North Africa Region and is by far the leading financial institution in the country with a market share exceeding 45% of banking sector assets. Bloomberg Markets, the leading provider of Business, Financial and Economic news has ranked QNB as the World’s Strongest Bank in its 2012 ranking. The 78 banks in Bloomberg’s ranking list included some of the largest and most renowned financial institutions in the world, with QNB being the only bank from the MENA Region. The Group recorded net profit, for the nine months ended 30 September 2013, of QR7.1 billion, up by 14.1% compared to the same period last year. This was driven by operating income, including the share of results of associates, which increased to QR10.9 billion, up by 29.0% compared to September 2012, demonstrating QNB Group’s success in achieving strong growth across the range of revenue sources. Total assets increased by 24.5% since 30 September 2012 to QR437 billion, the highest ever achieved by the Group.
QNB Group continued to witness robust international expansion, successfully completing the acquisition of a controlling stake of the second largest private bank in Egypt, QNB Al Ahli (QNB AA), previously known as NSGB), amounting to 97.12% during Q1, 2013. 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 Mansour 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 a 70% stake in QNB Kesawan in Indonesia. QNB Group opened a representative office in China and established a fully owned subsidiary in India under the name of “QNB (India) Private Limited”. With the addition of the new subsidiary in India and the new office in China, the Group’s presence through its subsidiaries and associate companies increased to 26 countries providing a comprehensive range of advanced products and services. The total number of staff is almost 13,500 operating from over 570 locations, with an ATM network of over 1,200 machines.
The Group provides an array of investment banking services through its subsidiary, QNB Capital, to corporate, government and institutional clients within Qatar and globally. QNB Capital has one of the best corporate finance teams in the GCC region offering extensive transaction experience and in depth advisory – including mergers and acquisitions, equity and debt capital markets, and project financing advisory. The Group also offers brokerage services through its subsidiary, QNB Financial Services (QNB FS), the first independently regulated, licensed brokerage company launched by a bank in Qatar. QNB FS offers a multi-market, multi-currency trading platform with access to several markets. QNB Group is among the highest rated regional banks from leading credit rating agencies including Standard & Poor’s (A+), Moody’s (Aa3), Fitch (A+), and Capital Intelligence (AA-). The Bank has also been the recipient of many awards from leading international specialized financial publications. Based on the Group’s continuous strong performance and the expanding international presence, the bank is currently ranked as the most valuable brand in the MENA region, with a current world ranking of 120 in 2013. QNB Group has an active community support program and sponsors various social, educational and sporting events.
Address : Airways Bldg, Airport Road, Qatar.
Website : www.qnb.com.qa, Phone number : 974-440-7777
2. Al Ahli Bank of Qatar -
Founded in 1983, Ahli bank's client base over the last thirty years has grown rapidly among its clients. Ahli bank is involved in banking and investment services through a network of 17 branches in Qatar providing a fullest array of products and services within major business segments: Corporate Banking, Treasury and Investments, Retail and Private Banking & Wealth Management. The Bank has affirmed as A- (Stable) by Fitch ratings and Capital Intelligence. These ratings bear testament to Ahli Bank's strong underlying business fundamentals realised through effective and focused execution of its well defined strategies within a prudent and acceptable risk management framework.
Group Mission Statement
To create an unrivalled ability to meet customer needs, provide fulfillment and development for our staff and deliver outstanding shareholder value
Objectives
- To maximize shareholder value on a sustainable basis
- To maintain the highest international standards of corporate governance and regulatory compliance
- To maintain solid capital adequacy and liquidity ratios
- To entrench a disciplined risk and cost management culture
- To develop a cross-cultural meritocratic management structure
- To optimize staff development through business driven training and profit related incentive
- To contribute to the social and economic advancement of the communities in which the bank operates
Address : Suhim Bin Hamad Street, Al-Sadd, P.O.Box. 2309, Doha, Qatar.
Website : www.ahlibank.com.qa, Phone number : 974-423-2507
3. Doha Bank Limited -
Doha Bank is the largest private commercial bank in the State of Qatar. It was incorporated in 1978 and commenced its domestic and international banking services in Doha, Qatar on March 15, 1979. As one of Qatar's leading financial services company, Doha Bank is committed to making banking work for customers and clients like it never has before. Through innovative technologies and the ingenuity of its people, Doha Bank provides individuals and commercial, corporate and institutional clients across Qatar and even internationally, new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever, wherever and however they choose through an extensive network, and multiple access channels.
Doha Bank aims to be recognized as a dynamic, modern bank with enduring age-old values. The bank has achieved very impressive results in over two decades of its history. This has been a combined result of the management's foresight, employee dedication and tremendous customer response. We now look forward to a promising future, with better banking experiences for our customers, better returns for our shareholders, and an even more progressive and prosperous environment for our employees.
Address : Corniche Street, West Bay, P.O. Box : 3818, Doha, Qatar.
Website : www.dohabank.com.qa, Phone number : 974-471-5634
4. Central Bank Qatar -
Core Purposes
Qatar Central Bank works within the framework of the Decree Law No. 33 of 2006, which provides the objectives and functions of the QCB as follows :
First: QCB Objectives
1.Stability of Riyal exchange rate and its capability of being exchanged for other currencies.
2.Stability of commodities and services prices.
3.Financial and banking stability.
4.Other macroeconomic and development objectives consistent with the State policy and the objectives
mentioned above.
In its quest to achieve the foregoing, Qatar Central Bank maintains a balance between local and external
considerations in order to avoid imbalances and instability, through :
a.Layout and enforce the State monetary policy, policy of the exchange rate and financial and banking
supervision.
b.Take appropriate measures to counter global, regional and local, economic and financial disturbances and
strive to detect the dangers that threaten the financial system as a whole, and reduce the repercussions of the
same.
c.Strengthen the infrastructure of assisting central banking services systems i.e., payment systems, clearance,
credit bureaus and others, including the QCB’s role as lender of last resort.
d.Regulate, monitor, supervise and develop the banking business, and enhance its efficiency, so as to achieve monetary and financial stability.
e.Notify the Council of Ministers of any factors, which may endanger the financial or banking stability and
propose the relevant policies.
Second: QCB Tasks and Functions
1.Issue banknotes and identify their categories and specifications, along with coin minting and currency re-issue, redemption and exchange.
2.Manage and control the Qatari Riyal exchange rate against one currency or more, the special drawing rights, or any other arrangements in order to preserve the foreign value of the Qatari Riyal. The QCB may enter into
bilateral or multilateral agreements in respect of exchange rate, or application of unified rates of exchange, or an agreement on a single currency.
3.Establish and enforce the monetary policy, and announce this policy, as well as any change that may occur in
the policy itself or its objectives.
4.Manage the liquidity in the national economy, work in the open market, and deduct the financial instruments
when submitted by banks, subject to the terms and conditions specified by the Bank.
5.Issue and manage public debt bonds in addition to the payment of their value, profits and commissions, in its
capacity as the financial agent of the State, ministries and other government institutes and public bodies and
corporations, in accordance with the terms and conditions agreed upon with the Minister of Finance.
6.Establishment of the systems, which lead to the stability and organization of the banking system and increase
its efficiency and contribute to its development.
7.Efficiently supervise, control and grant licenses to financial institutions and representation offices, and prepare
the fundamentals and regulations and review and develop the same on an ongoing basis.
8.Supervise and control investment funds, pension funds and combat money laundering in accordance with the
law or as authorized by the State, and organize the issuance of fixed - proceeds securities.
9.Supervise and control anti money laundering and combating the financing of terrorism (AML/CFT) operations.
10.Administer and invest QCB’s funds and reserves.
11.Establish, administer and develop supporting central banking services systems e.g., payment systems,
clearance, credit bureaus and otherwise.
12.Act as a bank for the banks operating in the State.
13.Offer advice to the Council of Ministers in all financial and economic affairs.
14.Represent the State in international and Arab financial monetary institutions.
15.Collect and publish statistics relating to QCB role and functions.
Address : P.O. Box No.1234, Doha, Qatar.
Website : www.qcb.gov.qa, Phone number : 974-445-6456
5. Qatar Islamic Bank -
Qatar Islamic Bank (QIB) was founded in 1982, becoming the country’s first Islamic financial institution and Sharia’-compliant bank. Its products and operations are supervised by a Sharia’ board, which ensures the Bank adheres to Islamic finance principles.Capital amounted to 2.36 billion at the end of the first half of 2013 .Total assets reach 73.2 billion as of end of 2012.
QIB is now the largest Islamic bank in Qatar by far, with a 35% share of the Islamic sector and a 9% share of the banking market overall.
QIB conducts its domestic business through 31 branches spread throughout the country in additional to private centers for Ladies and dedicated lounges for affluent customers, augmented by more than 170 multi-function ATM installations.
QIB is also one of the top six Islamic banks in the MENA region and pursues a vision to become the world leader in the sector.
In addition to its core banking activities, QIB has a stake in a number of other Qatari Sharia’-complaint companies like: Qinvest, Al Jazeera Finance, Aqar Real Estate, Damaan Islamic Insurance Company (Beema).
QIB’s ambitions are now international, as evidenced by its affiliate: QIB –UK in London, AFH in Lebanon, AFB in Malaysia, and QIB Sudan.
QIB aims to be a bank of the people, for the people, with an ongoing commitment to enhancing its levels of customer service and becoming completely ‘customer-centric’ through adoption of the latest banking technologies. A further part of the Bank’s strategy is closely tied into the financing of national infrastructure projects, major industrial SMEs, and the trade sector.
QIB has dedicated proposition for their affluent customers Tamayuz program, in addition to QIB Private Banking who covers the high end customers. QIB has also launched “Aamaly” program to serve small and medium-sized enterprises SMEs.
QIB performance has been independently rated by international agencies in ‘A’ rating from Fitch, Capital Intelligence and Standard & Poors.
QIB committed to Corporate Social Responsibility (CSR) activities and seek a progressive role in this field in order to implement CSR strategy through sponsoring activities and conferences (health, educational, social, cultural, environmental and charitable).
QIB has been internationally recognized by a number of bodies as the ‘Best Islamic Financial Institution in Qatar.
Address : Grand Hamad Street, Doha, Qatar.
Website : www.qib.com.qa, Phone number : 974-444-8444
6. Qatar Development Bank -
Qatar Development Bank (QDB) is a financial entity fully owned by the government, set up by an Emiri Decree to invest in and develop local industries by supporting small and medium enterprises in Qatar. QDB aligned its strategy to correspond with the Qatar National Vision for the year 2030, to promote and facilitate development and growth of small and medium enterprises in core economic realms, resulting with long-term socioeconomic benefits to the people of Qatar. In addition to providing financial aid, the bank also offers advisory support and guidance to small and medium enterprises regarding start up, growth and expansion of their activities, aiming to establish a sustainable economic system. QDB recently launched an additional program named TASDEER, offering export financing services, business development services and support for promotion of private sector exporters based in Qatar.
Address : PO Box 22789, Grand Hamad Street, Doha, Qatar.
Website : www.qdb.qa, Phone number : 974-442-1600
7. The International Bank of Qatar -
The International Bank of Qatar (ibq)* is a well established and rapidly growing commercial institution, offering a full range of retail, private, and corporate banking solutions. Ibq has a strong commitment to build long-lasting relationships with its customers and provide them with excellent customer service with a focus on making banking simple, convenient and tailored to their needs. IBQ is one of the oldest existing banks in Qatar and celebrated its 50th anniversary in 2006. Read more about our history. Ibq operates a growing network of 6 branches and service centres and 32 ATMs in strategic locations throughout Qatar. The bank is 30% owned and managed by the National Bank of Kuwait (NBK), the largest bank in Kuwait and the highest rated in the Middle East. ibq is a growing bank that benefits from an international network as a result of its affiliation with NBK which gives its customers access to greater resources and a wide range of international services.
In June 2009, ibq was recognised as "the fastest moving bank in the Middle East” in "The Banker magazine's Top 1,000 World Bank survey 2009". The commitment to customer relationships and best practice is reflected in the numerous awards won by the bank, including, "Best Private Bank for Privacy and Security" in Qatar award for 2013, by Euromoney Magazine, "Best Private Banking Services in Qatar" award for 2012 by "Euromoney Magazine", "Best Credit Card in Qatar Award from the Banker Middle East Magazine, "Best Retail Bank in Qatar 2011" from Arabian Business and “Best Customer Service in the Middle East” award for 4 consecutive years 2008, 2009, 2010 and 2011 from the 'Banker Middle East' Magazine.
Our vision
To be a leading financial institution in Qatar by distinguishing ourselves through the quality of our services and strength of our relationships.
Our mission
- To work with enthusiasm and integrity to provide a personalised service for all our customers.
- To foster a spirit of partnership and respect, and make a positive impact on the market by creating long term
growth for our shareholders, customers and community.
Address : PO Box 2001, Doha, Qatar.
Website : www.ibq.com.qa, Phone number : 974-444-7800
8. The Commercial Bank of Qatar -
Commercial Bank plays a vital role in Qatar’s economic development through offering a range of personal, business, government, international and investment services. What we do is just as important as how we do it. Our promise – that everything is possible – governs how we approach our business. Our services support individuals, the public sector and companies of all sizes in Qatar and internationally. Commercial Bank operates in Retail and Wholesale banking and makes strategic investments through its associates and subsidiaries.
Wholesale Banking division
Provides a range of conventional commercial and investment banking services and products to large, medium and small enterprises. These include corporate lending, trade finance, syndicated loans, deposits, letters of credit and guarantees.
Retail Banking division
Provides a full suite of conventional personal banking services and products to retail customers in Qatar, including current and deposit accounts, wealth management, mortgage lending, personal loans, vehicle loans, credit cards and other card services.
Partners and subsidiaries
Through our network of banking partners, subsidiaries and strategic partners we are able to offer a unique market proposition and generate better value for our customers, clients and shareholders alike. Find out more about Commercial Bank’s partners.
Our successful strategy has diversified our income streams and expanded our GCC footprint, while continual investment in technology and people – together with our strong capital base – provides a solid foundation for further growth. Commercial Bank has a robust financial position. We had total assets of QAR 80.0 billion on the 31st December 2012, and we enjoy strong credit ratings. The Bank is listed on the Qatar Exchange and was the first Qatari bank to list its Global Depositary Receipts, as well as bonds, on the London Stock Exchange. Our Swiss Franc bond is listed on the SIX Swiss Exchange and was the first public bond issued by a Qatari bank in Switzerland.
The Bank is dedicated to supporting Qatar’s community and social infrastructure through Corporate Social Responsibility programmes and sponsorship of various events. Title sponsorship of the Commercial Bank Qatar Masters and the Grand Prix of Qatar Moto GP reflects the Bank’s promotion of excellence in sports and its keen interest in enhancing Qatar’s international sporting reputation. To reinforce Qatar’s flourishing cultural environment, Commercial Bank is the strategic banking partner of the Katara Cultural Village. This collaboration symbolises the Bank’s commitment to supporting cultural activities in Qatar and making the country a regional arts and cultural hub.
Address : D Ring Rd, Doha 3232, Qatar.
Website : www.cbq.qa, Phone number : 974-449-0000
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