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

Executive summary

• Net profit for H1 2026 reached QAR 8.7 billion ($2.4 billion), up 3% year-over-year, with earnings per share rising to QAR 0.89.

• Operating income rose 11% to QAR 24.1 billion ($6.6 billion), reflecting robust and diversified revenue growth.

• Maintains #1 position in Middle East and Africa by assets, loans, and deposits, with a market cap of $43.8B and assets of $395B as of June 2026.

• The group maintained strong liquidity, capital adequacy, and operational resilience despite regional geopolitical disruptions and supply chain issues.

• International presence in 28+ countries, with 31,000 employees and over 900 locations.

Financial highlights

• Total assets increased 6% year-over-year to QAR 1.44 trillion ($395 billion); loans and advances grew 8% to QAR 1.04 trillion ($286 billion).

• Customer deposits rose 4% to QAR 973 billion ($267 billion), with a regulatory loan-to-deposit ratio of 99%.

• Net interest income for H1 2026 was QAR 18.89 billion, up from QAR 17.26 billion year-over-year.

• Non-performing loans ratio stood at 2.5%, with a 99% coverage ratio on stage 3 loans.

• Total equity increased 10% to QAR 130 billion; capital adequacy ratio at 19.8%.

Outlook and guidance

• Full-year profit growth guidance remains at 5%-7%, with balance sheet growth of 6%-8%.

• Loan growth guidance for 2026 is 6%-8%, with expectations of acceleration post-stabilization of geopolitical events.

• NIM guidance for the group is 2.60%-2.65%, likely at the lower end due to funding mix changes.

• Management remains confident in the outlook, focusing on leveraging the international network and diversifying income streams.

• North Field Expansion in Qatar expected to drive further economic uplift and GDP growth through 2027.