Qatar National Bank (Q.P.S.C.) (QNBK) investor relations material

Executive summary

• Q1 2026 net profit reached QAR 4,419.6 million ($1.19 billion), up 2% year-over-year, with resilient performance and uninterrupted service despite regional geopolitical disruptions.

• Maintained #1 position in Middle East and Africa by assets, loans, deposits, and net profit as of March 2026, with a network spanning 28+ countries and over 900 locations.

• Brand value increased 11% to $10.4 billion, ranked 36th globally and top in MEA for 13th consecutive year.

• Total comprehensive income for the period was QAR 3,832.0 million, compared to QAR 4,682.5 million in the prior year.

Financial highlights

• Total assets rose 6% year-over-year to QAR 1.41 trillion ($387 billion); net loans and advances increased 8% to QAR 1.03 trillion ($282 billion); deposits grew 5% to QAR 974 billion ($268 billion).

• Net interest income rose to QAR 9,429.7 million; operating income increased to QAR 12.1 billion ($3.3 billion); EPS was QAR 0.44.

• Cost-to-income ratio improved to 24.1%; NIM stable at 2.65%.

• Non-performing loan ratio at 2.7% with 100% coverage on Stage 3 loans; capital adequacy ratio at 19.4%.

• International operations contributed 31% of net profit, 24% of loans, and 48% of deposits.

Outlook and guidance

• Full-year 2026 guidance: profitability growth of 5%-7%; loans, deposits, and assets to grow 6%-8%; NIM guidance at 260-265 bps; cost of risk at 70-80 bps.

• Strategic focus on diversifying business mix, growing international contribution, and nurturing SME business.

• Updated five-year strategy to maintain regional leadership and expand international network.

• Management notes Q1 results are not necessarily indicative of full-year performance; ECL assumptions updated for volatility.

• Loan growth guidance slightly reduced due to short-term public sector borrowing replacing LNG-related growth.