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.
AfE 2024
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 billion (up 11%), and net interest income of $8.36 billion (up 5%).
Such growth comes with tightly managed cost controls (QNB has a cost-to-income ratio of 20%), a manageable non-performing loan ratio (3% of gross loans at the end of last year), and a robust capital position (19.8% capital adequacy ratio).
In addition, QNB generated a return on average assets of 1.3%