Qatar National Bank (QNB), the largest bank in the Gulf region by assets, reported a 3% year-on-year increase in net profit for the first quarter of 2025, reaching QAR 4.3 billion ($1.18 billion). The result surpassed analyst expectations, beating the consensus estimate of QAR 3.85 billion, according to LSEG data.
The Q1 performance reflects QNB’s continued resilience amid a shifting economic landscape, supported by steady expansion across its core banking segments.
Strong Growth in Assets and Lending
QNB’s total assets rose to QAR 1.32 trillion, up 7% compared to the same period last year, reinforcing its position as a leading financial institution not only in Qatar but across the wider GCC region.
The bank also reported a 9% increase in loans and advances, which climbed to QAR 947 billion as of March 2025. This growth in lending activity highlights the bank’s active role in financing both corporate and retail sectors across its operating markets.
Solid Customer Deposit Base Enhances Performance
Customer confidence in QNB remained robust, with total deposits reaching QAR 930 billion, marking a 6% year-on-year increase. The healthy deposit growth contributed to the bank’s ability to support rising credit demand while maintaining liquidity strength.
This strong financial showing in Q1 comes as regional banks face increasing global headwinds, including interest rate uncertainties and evolving regulatory frameworks. QNB’s performance, however, reflects sound management and strategic focus, particularly in diversifying its income streams and managing risks effectively.
With solid first-quarter earnings that beat expectations, Qatar National Bank is off to a strong start in 2025. Its consistent growth in assets, loans, and deposits reflects a robust banking foundation and investor confidence, positioning the bank well to navigate future economic challenges.
