Qatar National Bank QPSC (QNB) News - Mubasher Info
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03 April 06:12 AM

Qatar National Bank QPSC (QNBK)

Last update: 2 April 01:14 PM market time.
17.14
0.13
0.76%
Open 17.01
Previous Close 17.10
High 17.23
Low 16.91
Stock Statistics
Volume 1,613,074
Turnover 27,648,998.11
All data are 15 minutes late during market session

News

Profits amounted to QAR 3.4 billion during Q1-18
10 April 2018 03:14 PM QNB profit rises 7% in Q1-18
Mubasher: Qatar National Bank’s (QNB) financial indicators on Tuesday showed a growth of 7% year-on-year in profits for the first quarter of 2018. Profits amounted to QAR 3.4 billion during the three-month period ended 31 March 2018, compared to …
Financial Results
QNB revised up its forecast for nonhydrocarbon growth in 2018 to 5.0% from 4.8%
8 April 2018 03:48 PM QNB raises Qatar 2018 GDP growth forecast to 2.8%
Mubasher: Qatar National Bank (QNB) has revised up Qatar's overall real gross domestic product (GDP) to 2.8% for 2018, up from the previous rate of 2.5%. "For the full year of 2017, overall real GDP growth was 1.6% with the non-hydrocarbon sector …
Sector Reports
Photo Archive
22 March 2018 00:43 AM Capital Intelligence affirms QNB's rating
Mubasher: Capital Intelligence has reaffirmed its rating for Qatar National Bank’s (QNB) financial strength rating (FSR) at 'AA-'. The long and short term foreign currency ratings (FCRs) were also affirmed at 'AA-' and 'A1+', respectively, at the …
Ratings
By the end of Thursday’s trades, Barwa’s stock advanced 2.9% to QAR 35.5.
15 March 2018 04:54 PM QNB begins coverage on Barwa Real Estate, sets TP at QAR 39
Mubasher: Qatar National Bank (QNB) Group on Thursday announced that its research unit has initiated coverage on Barwa Real Estate Company (RBES) with a target price (TP) of QAR 39 per share instead of QAR 34.50, higher by 9.9%, for the coming 12 …
Sector Reports
The QSE highly appreciated QNB's decision to increase the percentage of non-Qatari ownership
12 March 2018 04:55 PM Companies need to increase non-Qatari ownership to 49%- CEO
Mubasher: Rashid Al Mansoori, CEO of the Qatar Stock Exchange (QSE), urged all the QSE-listed firms to increase non-Qatari share ownership to 49% in a bid to enhance foreign investment in the Qatari market. The QSE highly appreciated Qatar …
Macroeconomics
The decision is in accordance with the provisions of Law No. 9 of 2014
12 March 2018 10:11 AM QNB to raise non-Qatari ownership limit to 49%
Mubasher: Qatar National Bank (QNB) plans to recommend the bank's extraordinary general assembly to increase the percentage of non-Qatari ownership in the group's capital to 49% from 25%. The biggest lender in the Middle East and North Africa by …
Management Decisions
QNB’s net profits rose 7.4% to QAR 2.9 billion in the fourth quarter of 2017
21 February 2018 05:19 PM QNB's managed assets hit $4bn in Qatar
Mubasher: Qatar National Bank (QNB)'s assets under management in Qatar amounted to more than $4 billion, bank CEO Ali Ahmed Al-Kuwari said on Wednesday. The largest financial institution in the Middle East and Africa (MEA) region is mulling, in …
Sector Reports
The credit facility will be used to boost the general corporate purposes.
7 February 2018 05:44 PM QNB obtains $3.5bn syndicated loan
Mubasher: Qatar National Bank (QNB) on Wednesday said that it has successfully completed a three-year $3.5 billion syndicated loan. About 21 international banks were keen on providing the syndication which was upsized on the back of robust demand …
Banking and Finance
This recognition reflects the lender’s strong performance
4 February 2018 01:02 PM QNB most valuable banking brand in MEA region
Mubasher: Qatar National Bank (QNB) on Sunday announced that the bank was recognized for the second time as the most valuable banking brand in the Middle East and Africa (MEA) region. Brand Finance Global, the world’s leading brand valuation …
Ratings
With a maturity of5 to 10 years, the issuance is a part from the bank’s strategy to attract new stable finance resources
24 January 2018 03:44 PM QNB issues $564.9m Kangaroo bond issue
Mubasher: Qatar National Bank (QNB) on Wednesday announced that it has completed a $564.9 million Kangaroo bond issue. With a maturity of5 to 10 years, the issuance is a part from the bank’s strategy to attract new stable finance resources from …
Macroeconomics
Masraf Al Rayan’s net income declined 2.3% year-on-year to QAR 1.98 million
23 January 2018 03:06 PM QNB keeps Masraf Al Rayan PT at QAR 34
Mubasher: Qatar National Bank (QNB) announced that maintaining Masraf Al Rayan’s price target (PT) at QAR 34 per share and market perform recommendation, in line with declining growth estimates for 2018 and 2019. Masraf Al Rayan’s net income …
Financial Results
The bank’s annual net income went up 6% during 2017
18 January 2018 05:14 PM QNB’s profit to grow 7% in 2018 – CEO
Mubasher: Chief executive officer of Qatar National Bank (QNB) Ali al-Kuwari forecasts that the lender’s profit will jump 5% to 7% in 2018. Net profits of the Middle East’s biggest bank by assets increased 6.2% to QAR 13.1 billion in 2017 versus …
Financial Results
18 January 2018 04:41 PM QNB maintains SAR104/shr TP for QIB
Mubasher: Qatar National Bank (QNB) on Thursday has maintained its target price (TP) of Qatar Islamic Bank’s (QIB) at QAR 104 per share, buoyed by the announcement of the lender’s fourth-quarter financial results. The new PT is 6.1% above the …
Financial Results
Profits levelled up to QAR 2.9 billion ($796.6 million) in Q4-17
16 January 2018 05:58 PM QNB’s profits rise 7% in Q4-17
Mubasher: Qatar National Bank (QNB) on Tuesday reported a 7.4% increase in net profits in the fourth quarter of 2017, as its assets rose to all-time high. Profits levelled up to QAR 2.9 billion ($796.6 million) in Q4-17 from QAR 2.7 billion …
Financial Results
Qatar stocks’ profits to increase 78.5% in Q4-17 - QNB
14 January 2018 05:53 PM Qatar stocks’ profits to increase 78.5% in Q4-17 - QNB
Mubasher: Profits of the Qatar Stock Exchange’s (QSE) stocks are expected to increase 78.5% year-on-year to QAR 9.08 billion ($2.49 billion) in the fourth quarter of 2017, Qatar National Bank (QNB) said in a report issued on Sunday. According to …
Sector Reports
QNB issues bonds of $720m in Taipei Stock Exchange
11 January 2018 06:09 PM QNB issues bonds of $720m in Taipei Stock Exchange
Mubasher: Qatar National Bank (QNB) on Thursday announced that it has completed a $720 million, 30-year Formosa bond issuance under its Euro Medium Term Note (EMTN) programme, according to the bank’s statement on its website. "Formosa bonds are …
Bonds
Qatar’s economy is expected to grow 2.2% in 2017, with further promising growth in 2018.
7 January 2018 00:04 PM Qatar economy to grow 2.2% in 2017 - QNB
Mubasher: Qatar’s economy is expected to grow 2.2% in 2017, with further promising growth in 2018, Qatar National Bank (QNB) said in a new report released on Sunday. Qatar’s economy is capable of maintaining its flexibility and position against …
Sector Reports
Profits reached QAR 3.6 billion ($1 billion) in Q3-17 as compared to QAR 3.4 billion ($946.76 million) in Q3-16
11 October 2017 06:42 PM QNB profits hike 6% in Q3-2017
Mubasher: Qatar National Bank, listed on the Qatar Stock Exchange (QSE), recorded a 5.6% rise year-on-year in profits of the third quarter of 2017, supported by the growth in deposits, loans and facilities. Profits reached QAR 3.6 billion ($1 …
Financial Results
The bank’s stock led in terms of traded volume
18 June 2017 00:12 PM QNB stock drops to 4-yr low
Doha – Mubasher: Qatar National Bank’s (QNB) stock declined to its lowest level in four years during Sunday’s trading sessions. By 12:00 pm Qatar time, the stock fell 2.46% to reach QAR 131.30, registering its lowest price since mid-April 2013. …
Trading Activities
Qatari banks depend on external finance by 35%
11 June 2017 02:41 PM S&P downgrades QNB outlook
Doha – Mubasher: Standard and Poor’s (S&P) on Sunday announced downgrading its long-term outlook for Qatar National Bank (QNB) to "A" from "A+". The global ratings agency attributed the downgrade to Qatar’s sovereign credit outlook, which was also …
Macroeconomics
QNB - Egypt has a capital of nearly EGP 7.5 billion
5 June 2017 05:17 PM QNB operating in Egypt despite diplomatic tensions
Cairo - Mubasher: The Central Bank of Egypt (CBE) said in an official statement on Monday that Qatar National Bank (QNB) - Egypt is an independent firm that is licensed to operate in the country’s banking sector. The bank has a strong fiscal …
Politics
Moody's downgraded the bank's long-term counterparty risk assessment (CRA) from “Aa2(cr)” to “Aa3(cr)”.
31 May 2017 10:17 AM Moody’s confirms QNB deposit rating
Doha – Mubasher: Moody's Investors Service has affirmed the “Aa3” long-term deposit rating of Qatar National Bank (QNB), and changed its outlook from “Negative” to “Stable”. Additionally, it downgraded the bank's long-term counterparty risk …
Macroeconomics
(Photo Credit: Arabianeye-Reuters)
21 May 2017 04:46 PM Qatar budget deficit to reach 1.5% in 2017 – QNB
Doha – Mubasher: Qatar’s budget deficit is expected to decrease to 1.5% of the gross domestic product (GDP) in 2017 from 7.2% in 2016, according to a report by Qatar National Bank (QNB) on Sunday. It is also expected that the deficit will turn …
Financial Results
(Photo Credit: SAMA's statement)
7 May 2017 02:14 PM QNB given licence to promote KSA banking sector – SAMA
Riyadh – Mubasher: Qatar National Bank Group’s (QNB Group) licence to open a new branch in Saudi Arabia is a good step to enhance competition in providing modern, diversified services and products to the Saudi banking sector, Saudi Arabian …
Macroeconomics
(Photo Credit: Arabianeye-Reuters)
7 May 2017 01:18 PM Qatar’s gas development in line with global market trends – QNB
Doha – Mubasher:  Qatar National Bank (QNB) on Sunday reported that Qatar's resumption of gas development is in line with the international liquefied natural gas (LNG) market, which will contribute to increasing the country’s national income, …
Companies Investments