Doha, 9 April 2025,QNB Group, one of the largest financial institutions in the Middle East and Africa (MEA) region, announced its results for the three months ended 31 March 2025.
Net profit for the three months ended 31 March 2025 reached QAR4.3 billion (USD1.2 billion), an increase of 3% compared to same period last year. Net profit before the impact of Pillar Two Taxes reached QAR4.6 billion (USD1.3 billion), an increase of 11% compared to March 2024. Operating Income increased by 6% to reach QAR11.0 billion (USD3.0 billion) reflecting the Group’s ability to maintain successful growth across a range of revenue sources.
Total Assets as at 31 March 2025 reached QAR1,324 billion (USD364 billion) an increase of 7% from 31 March 2024 mainly driven by a 9% growth in loans and advances to reach QAR947 billion (USD260 billion). Customer deposits increased by 6% to reach QAR930 billion (USD256 billion) from 31 March 2024 due to successful diversification of deposit generation.
QNB Group’s efficiency (cost to income) ratio stood at 22.7%, one of the best ratios among large financial institutions in the MEA region.
The ratio of non-performing loans to gross loans stood at 2.8% as at 31 March 2025, 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 100%, which reflects the prudent approach adopted by the Group towards non-performing loans.
Total Equity increased to QAR114 billion (USD31 billion), up by 8% from March 2024. Earnings per share reached QAR0.43 (USD0.12).
QNB Group’s Capital Adequacy Ratio (CAR) as at 31 March 2025 amounted to 19.3%. Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) as at 31 March 2025 amounted to 160% and 105% respectively. These ratios are higher than the regulatory minimum requirements of the QCB and Basel III reforms requirements.
Group statistics
QNB Group’s presence spans 28 countries across three continents operating from approximately 900 locations, over 5,000 ATMs supported by more than 31,000 staff.