Top Arab banks of 2021 according to Brand Finance Banking 500
Country: Qatar
Global rank: 45
Qatar National Bank is a Qatari multinational commercial bank located in Doha.
It was founded in 1964 as the country’s first Qatari-owned commercial bank, with an ownership structure split between the Qatar Investment Authority (50 percent) and the remaining half held by members of the public.
QNB expanded its networks to support its vision of becoming a leading bank in the Middle East, Africa and Southeast Asia. In addition, the bank is establishing a foothold in highly competitive markets, including Hong Kong, where it recently opened its first branch.
QNB also started operating in Vietnam in 2015 and Myanmar in 2016, along with opening new branches in Saudi Arabia and India in 2017.
Currently ranked as the most valuable bank brand in the Middle East and Africa, QNB is also the official Middle East and Africa supporter of the FIFA World Cup 2022.
According to the Brand Finance Banking 500, QNB has consolidated its position as the most valuable banking brand in the region, observing a healthy brand value growth of 16 percent to reach $7.1 billion.