QNB Group’s nine-month net profit rises 4% to QR13.3 billion

QNB Group, one of the largest financial institutions in the Middle East and Africa region, reported a nine-month net profit of QR13.3 billion in the first nine months of 2026, marking a 4% increase compared to the same period last year. Despite hyperinflation in Turkey, the bank's net profit before this impact reached QR16.4 billion, an 8% rise.

QNB Group CEO Abdulla Mubarak Al Khalifa attributed the strong performance to the company's international reach and financial stability, enabling it to pursue value-additive opportunities. The bank's operating income increased by 8% to QR36 billion, with an efficiency ratio of 24.3%, considered one of the best among large financial institutions in the MEA region.

Total assets increased by 5% to QR1,464 billion, driven by a 6% growth in loans. Customer deposits grew by 2% to QR979 billion. The non-performing loans to gross loans ratio was 2.7%, the lowest in the MEA region. QNB Group's capital adequacy ratio stood at 19.7%, and liquidity ratios were 145% and 108% respectively, above regulatory minimums.

The bank provided financing support for infrastructure and commercial sectors, including AI and cloud infrastructure, fibre networks, and real estate projects in Asia and Europe. QNB Group also strengthened engagement with businesses in Qatar's energy sector, and completed a blue repo transaction for sustainable funding. The bank's financial strength, supported by its top-tier credit ratings, enables it to access global capital markets and continue its growth and expansion plans.