QNB reported a 3% jump in net profit for the first six months of 2026 to reach QR8.7bn, demonstrating the stable nature of QNB Group’s financial results despite global headwinds.
Earnings per share increased by 5% from June 2025 to reach QR0.89. Total equity increased by 10% from June 2025 to reach QR130bn. Operating income increased by 11% to reach QR24.1bn, reflecting the group’s ability to maintain successful growth across a range of revenue sources.
QNB Group CEO Abdulla Mubarak al-Khalifa said, "QNB Group has delivered another strong set of results in the first half of 2026, a testament to the soundness of our strategy and the successful execution by our dedicated team.
"While the regional and global environment presented challenges, our diversified business model and robust risk management framework enabled us to continue supporting our customers and delivering sustainable value for our shareholders. We remain confident in our outlook and committed to driving growth across our international network.”
Hyperinflation in Turkey has remained persistent which has impacted the results for this period. Net profit before the impact of hyperinflation for the six months ended June 30, 2026, reached QR11.1bn, an increase of 12% year-on-year (y-o-y).
QNB Group’s efficiency (cost-to-income) ratio stood at 24.1%, considered "one of the best ratios” among large financial institutions in the MEA region.
Total assets for H1 2026 reached QR1,438bn, an increase of 6% y-o-y, mainly driven by growth in loans and advances by 8% to reach QR1,042bn. Customer deposits increased by 4% to reach QR973bn from June 30, 2025, due to successful diversification of deposit generation.
The ratio of non-performing loans to gross loans stood at 2.5% in H1 2026, one of the lowest amongst financial institutions in the MEA region, reflecting the high quality of the group’s loan book and the effective management of credit risk. In addition, loan loss coverage ratio stood at 99%, demonstrating the prudent approach adopted by the Group towards non-performing loans.
QNB Group’s Capital Adequacy Ratio (CAR) H1 2026 amounted to 19.8%. Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) during the same period amounted to 145% and 109%, respectively. These ratios are higher than the regulatory minimum requirements of the Qatar Central Bank and Basel III reforms requirements.
The Group successfully broadened its funding base, notably through a landmark issuance of a QR1.0bn bond, the largest-ever local currency issuance by a Qatari financial institution to international investors. The strong demand from a diversified base of international investors, underscores robust confidence in both the group and in Qatar’s financial markets.
This issuance, along with several private placements under its EMTN Programme, demonstrates our strategic contribution to the development of Qatar’s capital markets, in line with the goals of the Qatar National Vision 2030.
Capital Adequacy Ratio remained strong at 19.8%, significantly above the regulatory requirements, enabling the continuation of its share repurchase programme, providing a disciplined return of capital to shareholders. Since the programme’s inception in 2024, QNB has repurchased 136.3mn ordinary shares at a total cost of QR2.3bn.
The strong performance in the first half of 2026 validates the group’s five-year corporate strategy, which focuses on enhancing its position as a leading financial institution in the MEA region.
Looking ahead, QNB will continue to leverage its extensive international network across the Middle East, Africa, Asia and Europe to capture a larger share of cross-border trade and investment flows. QNB’s strategic priorities remain diversifying its income streams and driving sustainable growth across the world’s most dynamic markets.