The Qatar’s banking system includes 18 licensed banks, of which 11 banks are Qatari financial institutions and 7 banks are foreign institutions. Qatar National Bank (QNB) remains the largest commercial lender in the region by profitability, deposits and assets with a market share of more than 55% banking assets of all Qatari Banks. The total assets of banking sector exceed US$400 billion. The banking industry is regulated by Qatar Central Bank (QCB). Qatar Islamic Bank is the largest Islamic bank in the country.

Qatar National Bank

Qatar National Bank (QNB Group) is the largest bank in Qatar, with total assets of US$242 billion, loans of US$171 billion and customer deposits of US$174 billion as of March 31, 2019. It is also the largest bank in the Middle East and Africa region. Established in 1964, QNB was the first domestically-owned commercial bank. Today it employs over 28,000 people and operates through an extensive network of 1,200 branches and 4,300 ATMs. QNB Group has a presence in 32 countries and serves approximately 24 million customers. The Bank’s main business areas are corporate and consumer banking, asset and wealth management, and international banking. The company’s shares are listed on the Qatar Stock Exchange, with a market capitalization of US$50 billion as of May 6, 2019.

Qatar Islamic Bank

Qatar Islamic Bank (QIB) is the second-largest bank in the country by assets. Incorporated on July 8, 1982, it was the first Islamic financial group in Qatar. Today the Bank holds over 40% share of the Islamic banking sector. As of March 31, 2019, QIB had total assets of US$42.7 billion and total equity of US$5.6 billion. With 30 local branches, the company employs around 1,000 people and is headquartered in Doha.

Commercial Bank of Qatar

Commercial Bank of Qatar (CBQ) is the third-largest Qatari bank in terms of total assets. Founded in 1975, it was the first domestic private bank. It operates through Wholesale Banking and Retail Banking divisions providing a full spectrum of banking products and services including current and savings accounts, personal and auto loans, mortgages, credit cards, life insurance, home insurance, vehicle insurance, wealth management as well as corporate and syndicated loans, trade finance, letters of credit, guarantees, foreign exchange, cash management, business insurance, online banking and more. The Bank has strong credit ratings and was awarded as “Best Bank in Qatar” by Global Finance. With 2,250 full-time employees, CBQ manages 29 branches and 179 ATMs nationwide. As of March 2019, the total assets and customer deposits were US$39.5 billion and US$22.4 billion, respectively.

Masraf Al Rayan

Masraf Al Rayan, established in 2006, is one of the leading financial institutions with 16 branches and 97 ATMs strategically distributed across Qatar. It recently opened 4 new branches at Gulf Mall, Qatar Armed Forces, Royal Plaza and Doha Festival City. As of March 31, 2019, total assets amounted to US$27.5 billion, customer deposits increased to US$17.7 billion and shareholders' equity reached US$3.4 billion.

Doha Bank

Doha Bank is the fifth-largest commercial bank and the third largest conventional bank by assets in Qatar. It provides wholesale, retail and international banking as well as treasury and investment services. It operates through a retail network of 27 local branches, 9 e-branches and 110 ATMs. It also has international branches in Kuwait, Dubai, Abu Dhabi and Mumbai as well as representative offices in Singapore, the UK, Canada, Germany, Japan, China, Hong Kong, South Africa, South Korea and Australia, among others. The Bank has strong credit ratings from Moody’s, Fitch and Standard & Poor’s.

Al Khaliji Commercial Bank

Al Khaliji Commercial Bank, headquartered in Doha, provides a full suite of conventional financial products and services to personal, business, private, corporate and international customers. Al Khaliji operates through a domestic network of four branches, two service centers and 52 ATMs as well as has one branch in France and 4 branches and four ATMs in the United Arab Emirates (Dubai, Sharjah, Ras Al Khaima, and Abu Dhabi). In 2018, Al Khaliji launched first humanoid robots in Qatar. The Bank's major shareholders are Qatari Government entities with share of 47%. Al Khaliji was named as Best Premium Bank, Best Commercial Bank and Best Corporate Bank by Banker Middle East. The shares of Al Khaliji Commercial Bank are listed on the Qatar Exchange. The company was established in January 2007.

Qatar International Islamic Bank

Qatar International Islamic Bank is one of the top 10 Qatari banks, with total assets of US$13.436 billion as of September 2018. It provides a wide range of corporate and personal banking Shariaa compliant products and services through 19 branches and ATMs network countrywide. The Bank’s shares are traded on the Qatar Exchange (formerly the Doha Securities market). For the nine months of 2018, QIIB’s total income and net profit reached US$435 million and US$202 million, respectively.

Barwa Bank

Barwa Bank, established in 2008, is the newest Islamic bank in the country. It offers personal and private banking, business and corporate banking as well as markets and investment products and services. 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 Bank operates six branches and 52 ATMs in the State of Qatar.

See also:

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, Qatar