Qatar National Bank (Q.P.S.C.) (QNBK) Q4 2025 earnings summary

Executive summary

• Net profit for 2025 reached QAR 17 billion ($4.7 billion), up 2% year-over-year; adjusted for new global minimum taxes, net profit rose 10%.

• Maintains #1 position in Middle East and Africa by assets, loans, deposits, and net profit, with a market cap of $46.7B and assets of $382.2B as of December 2025.

• Total assets grew 7% to QAR 1.39 trillion ($382 billion), with loans and advances up 12% to QAR 1.02 trillion ($280 billion), and customer deposits up 8% to QAR 955 billion.

• Board recommended a total dividend of QAR 0.725 per share for 2025, subject to approvals.

• Brand value increased 11% to $9.4B, ranked 39th globally, and holds top-tier credit ratings (A+/Aa2/AA).

Financial highlights

• Operating income increased 8% to QAR 44.8 billion ($12.3 billion), reflecting robust revenue growth.

• Cost-to-income ratio remained strong at 23.3%, among the best in the region.

• NPL ratio at 2.6% with 100% coverage on Stage 3 loans, and total equity increased 10% to QAR 125 billion.

• Capital adequacy ratio at 19.3%, LCR at 144%, and NSFR at 105%, all above regulatory minimums.

• Loans-to-deposits ratio at 98.6%.

Outlook and guidance

• Group-level profit growth guidance for 2026 is 6%-8%; loans and deposits expected to grow 7%-9%.

• Net interest margin (NIM) expected to contract slightly to 260-265 bps in 2026 (from 267 bps in 2025).

• Focus remains on sustainable and profitable growth, digital transformation, and expanding international presence.

• International assets and profit contribution targeted at 40%-50% and 45%, respectively, over the next 3-4 years.

• For Turkey, local currency loan growth of 20%-25%, deposit growth of 30%-35%, and profit growth of 70%-90% expected.