Revealed: Biggest Banks In Qatar

The GCC’s banking sector recorded a robust rate of growth in 2014, thanks to a recovering economy, high income levels and continued government investment in infrastructure projects.

Average net profit among the lenders grew by 14 per cent last year, compared to 10 per cent in 2013.

The vast majority of GCC banks remain solidly capitalised with comfortable levels of liquidity – helped by growing customer deposits – and good profitability.

Loan asset quality for the sector improved further in 2014 through a fall in non-performing loans and an increase in provision coverage.

In Qatar, net profit across the banks grew by 13.1 per cent last year.

Loan demand in Qatar remained robust with momentum led by an increase in public sector spending backed by several developmental initiatives taken by the government.

The country’s major lender Qatar National Bank remained the largest bank in the GCC in terms of assets, capital and net profit for the financial year of 2014.

Biggest banks in Qatar

1. Qatar National Bank

2014 assets ($000): 133,614,471

2013 assets ($000): 121,836,843

Growth: 9.67%

Net profit 2014 ($000): 2,889,461

2. Commercial Bank of Qatar

2014 assets ($000): 133,614,471

2013 assets ($000): 121,836,843>

Growth: 2.25%

Net profit 2014 ($000): 533,026

3. Qatar Islamic Bank

2014 assets ($000): 26,402,875

2013 assets ($000): 21,251,166

Growth: 24.24%

Net profit 2014 ($000): 458,393

4. Al Rayan

2014 assets ($000): 22,003,920

2013 assets ($000): 18,282,318

Growth: 20.36%

Net profit 2014 ($000): 554,173

5. Doha Bank

2014 assets ($000): 20,746,583

2013 assets ($000): 18,398,303

Growth: 12.76%

Net profit 2014 ($000): 373,258

6. Al Khaliji Commercial Bank

2014 assets ($000): 14,077,493

2013 assets ($000): 11,334,830

Growth: 24.20%

Net profit 2014 ($000): 154,645

7. Qatar International Islamic Bank

2014 assets ($000): 10,548,751

2013 assets ($000): 9,450,549

Growth: 11.62%

Net profit 2014 ($000): 226,873

8. Barwa Bank

2014 assets ($000): 10,059,032

2013 assets ($000): 7,871,984

Growth: 27.78%

Net profit 2014 ($000): 176,191