Best bank: Qatar National Bank
Qatar National Bank (QNB)’s scale and banking power in the country seem unassailable across all banking businesses. It dominates activity, reporting more assets ($338 billion), loans ($234 billion), deposits ($235 billion) and net profit at the end of last year than that generated in each segment by all four of the other largest banks combined.
Net profit hit $4.26 billion in 2023 – up 8% on the year before and a five-year high – on operating income of $10.75
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