List of Banks in Qatar

The Qatar’s banking system consists of 18 licensed banks including 11 Qatari financial institutions and 7 foreign organizations. Qatar National Bank (QNB) remains the largest commercial lender in the region by assets, deposits and profitability. The total assets of Qatar's banking sector exceed US$400 billion. The banking industry is regulated by Qatar Central Bank (QCB).

Qatar National Bank

Qatar National Bank (QNB Group) is the largest bank in Qatar by total assets, loans and deposits. It is also the largest bank in the Middle East and the Africa region. Founded in 1964, QNB was the first domestically-owned commercial bank. Today, it employs about 28,000 people and operates a network of more than 50 branches and 510 ATMs nationwide and over 900 branches abroad. QNB shares are listed on the Qatar Stock Exchange.

Qatar Islamic Bank

Qatar Islamic Bank (QIB), headquartered in Doha, is the second-largest bank in the country by assets. Incorporated in July 1982, it was the first Islamic financial group in Qatar. Today it holds over 40% share of the Islamic banking sector. As of March 31, 2022, the Bank reported QAR 193 billion in total assets and QAR 131 billion in deposits. With 22 local branches and 170 ATMs, the company employs around 1,000 people. It also has a subsidiary in the UK and branch in Sudan.

Masraf Al Rayan

Masraf Al Rayan, established in 2006, is one of the leading financial institutions with 17 branches and 98 ATMs strategically distributed across Qatar. It recently opened 4 new branches at Gulf Mall, Qatar Armed Forces, Royal Plaza and Doha Festival City. It also has 6 branches in the United Kingdom. For the year ended December 31, 2021, the Bank had QAR 174 billion in total assets, QAR 107 billion in customer deposits, QAR 23.5 billion in shareholders' equity and QAR 1.7 billion in net profit.

Commercial Bank of Qatar

The Commercial Bank (P.S.Q.C.), founded in 1974, is the fourth-largest Qatari bank with total assets of QAR 172 billion. It operates through Wholesale Banking and Retail Banking divisions providing a full range of financial products and services. It has strong credit ratings and was awarded “Best Bank in Qatar” by Global Finance in 2022. With over 2,300 full-time employees, CBQ manages about 30 branches and 173 ATMs nationwide.

Doha Bank

Doha Bank is the fifth-largest commercial bank and the third largest conventional bank by assets in Qatar. It offers wholesale, retail and international banking, and treasury and investment services. It operates through a retail network of 24 local branches, 3 e-branches and 90 ATMs. It also has branches in Kuwait, Dubai, Abu Dhabi and Mumbai as well as representative offices in Singapore, UK, Canada, Germany, Japan, China, Hong Kong, South Africa, South Korea and Australia. The Bank has strong credit ratings from Moody’s, Fitch and Standard & Poor’s.

Dukhan Bank

Dukhan Bank (formerly known as Barwa Bank), established in 2008, is the newest Islamic bank in the country. It offers personal, business and private banking services, corporate banking as well as markets and investment products. The Bank is owned 20.4% by General Retirement and Social Insurance Authority, 20.4% by Military Pension Fund and 12.1% by Qatar Holding LLC, a subsidiary of Qatar Investment Authority. Headquartered in Doha, Barwa operates nine branches and 74 ATMs in the State of Qatar.

Qatar International Islamic Bank

Qatar International Islamic Bank (QIIB), founded in 1990, is one of the top 10 Qatari banks with total assets of QAR 65 billion. It provides a wide range of corporate and personal banking Sharia-compliant products and services through a network of 18 branches and 94 ATMs countrywide. The Bank’s shares are traded on the Qatar Exchange (formerly the Doha Securities market). QIIB has a long-term issuer rating of A from Fitch and A2 from Moody’s.

Al Khalij Commercial Bank

The company provides a full suite of conventional financial products and services to personal, business, private, corporate and international customers. It operates through domestic branches as well as has office in France and 4 branches in the United Arab Emirates (Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi). In 2018, Al Khaliji launched the first humanoid robots in Qatar. The Bank's major shareholders are Qatari Government entities.

List of Foreign Banks in Qatar

There are seven foreign banks operating in the State of Qatar.

Arab Bank
Mashreq Bank
HSBC Qatar
BNP Paribas
Bank Saderat Iran, Qatar Branch
United Bank ltd
Standard Chartered Bank