QNB named Qatar’s Best FX Bank at Euromoney Foreign Exchange Awards

Doha, Qatar - QNB Group, a prominent financial institution in the Middle East and Africa, has been crowned Qatar's top foreign exchange (FX) bank at the Euromoney Foreign Exchange Awards 2026. The accolade highlights the bank's robust capabilities in foreign exchange and its client-centric treasury solutions.

In 2025, QNB processed transactions worth over $73 billion across a wide array of spot, forward, and swap transactions. The Group achieved a 100% trade-matching rate and a 99% straight-through processing settlement rate for its FX products, which serve both banks and corporate clients. These figures underscore the scale and operational prowess of QNB's Treasury platform.

Speaking on the achievement, Noor Mohd Al-Naimi, Senior Executive Vice President, Group Treasury and Financial Institutions at QNB Group, remarked, "This recognition speaks to the expertise of our teams and the trust our clients place in QNB. Our significant FX activity, coupled with high processing and settlement efficiency, showcases our ability to deliver consistent and reliable execution across markets.

By leveraging our extensive network, coupled with ongoing enhancements in technology and product capabilities, we empower clients to manage currency risk and engage in cross-border transactions with increased confidence."

QNB's FX offerings encompass spot, forward, swap, and structured solutions tailored to corporate, financial institution, and sovereign clients. The Group's partnership with global correspondent banks, international liquidity providers, and regional financial institutions affords it competitive pricing, dependable liquidity, and access to major and regional currencies. This capability is particularly crucial during periods of market volatility.

The bank's commitment to enhancing its international payments and FX infrastructure is evident through its collaborations with leading global technology and financial services providers. These partnerships are poised to facilitate faster cross-border payments, near-real-time currency settlement, and expanded access to diverse payment rails and currencies.

This win adds to QNB's solid reputation in FX, following its previous recognition as the Best Foreign Exchange Bank in Qatar and the Middle East by Global Finance's Best FX Providers Awards 2025.

Euromoney's Foreign Exchange Awards honor leading institutions for their performance, growth, innovation, and achievements in the global FX industry.