Doha: QNB Group, the largest financial institution in the Middle East and Africa, continues to lead the Middle East and Africa ranking on the “Top 1000 World Banks” list, the largest and most important edition of the year in The Banker magazine.
QNB was ranked first in Qatar and the region with total assets rising 9 percent to $282bn from December 2019, which placed it on the 79th position in the global ranking.
This evaluation comes by analysing each bank’s strengths and weaknesses through eight categories: growth, profitability, operational efficiency, asset quality, return on risk, liquidity, soundness, and leverage. The performance category weightings are all equal and are prepared to analyse every bank in comparison with other Banks.
Last year, the Group marked a milestone achievement when it became the first banking institution in the region to achieve total assets of QR1 trillion ($282bn), which emphasised the Group’s continuous efforts and vision to become a leading bank in the MEASEA region.
QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is 27,000 serving 20 million customers operating through 1,000 locations, with an ATM network of more than 4,400 machines.
