Qatar National Bank (Q.P.S.C.) (QNBK) Q2 2025 earnings summary

Executive summary

• Net profit for H1 2025 reached QAR 8.56 billion, up 3% year-over-year, with pre-tax profit rising 11% and comprehensive income at QAR 9.88 billion.

• Operating income increased 8% to QAR 21.8 billion, reflecting robust revenue growth across all sources.

• The cost-to-income ratio remained strong at 23%, among the best in the region.

Financial highlights

• Total assets grew 7% year-over-year to QAR 1.354 trillion as of June 2025.

• Loans and advances rose 9% to QAR 962 billion; customer deposits increased 5% to QAR 935 billion.

• Earnings per share increased to QAR 0.85.

• Total equity increased 8% to QAR 119 billion.

• Non-performing loan (NPL) ratio stable at 2.9%, with 100% coverage on stage three loans.

Outlook and guidance

• Upgraded full-year guidance: loan growth 7%-9%, deposit growth 6%-8%, asset growth 6%-8%.

• Profit before Pillar Two Taxes expected to grow 10%-12%; after tax, 1%-3%.

• Cost of risk guidance unchanged at 80-85 basis points.

• Effective tax rate expected to remain stable at 17.9%-19%.

• Egypt earnings guidance upgraded to 4%-7% growth in local currency.