Qatar National Bank
Qatar National Bank (QNB) is principally engaged in providing commercial and Islamic banking services. QNB offers a wide range of retail, corporate, investment, treasury, wealth management and Islamic banking products and services. It serves individuals, corporate sector and government institutions. It offers a broad product portfolio, including accounts, credit cards, insurances, loans, payments and transfers, as well as fund and portfolio management services. The company conducts its business activities through three segments namely, Commercial Banking, Islamic Banking and Wealth Management. In 2008, QNB has expanded its operations into the Tunisian market through acquiring 50% of the Tunisian-Qatari bank. QNB operates through a network of 52 branches and offices and 150 automated teller machines (ATMs).The company reported revenues of (Qatari Rial) QAR 6,167.75 million during the fiscal year ended December 2008, an increase of 33.42% over 2007. The operating profit of the company was QAR 2,533.00 million during the fiscal year 2008, an increase of 43.31% over 2007. The net profit of the company was QAR 3,652.55 million during the fiscal year 2008, an increase of 45.66% over 2007.