QNB Capital history

The company was founded on June 6, 1964 and is headquartered in Doha, Qatar.”

Founded with assets equivalent to £1.2 billion, QNB built up assets of more than £9.5 billion by 1970.

Qatar’s declaration of independence, and the subsequent economic and political reforms carried out by the government into 1972, set the stage for QNB to emerge as Qatar’s single most dominant bank.

The new legislation stimulated the appearance of a local banking industry, with the first new domestic bank, Commercial Bank of Qatar, appearing in 1975.

In 1976, less than a decade after opening its first domestic branch, QNB embarked on its international expansion with the opening of a branch in London, followed by a second branch in Paris two years later.

By the early 1980, a third bank, Doha Bank, had also been created.

By 1981, the company had entered France as well, opening an office in Paris.

With its shares beginning to be traded on February 3, 1990, it has become a model in the sector.

Right after opening four domestic branches Finansbank A.Ş took over Privatbank Geneve S.A. (PBG) operating in Switzerland and changed its name to FB Suisse S.A. In 1991 it participated with Emlak Bankası, Vakıfbank and Banque Worms in the establishment of Banque du Bosphore in France.

Developments during and following the 1994 economic crisis constitute major events in the history of Finansbank A.Ş that has closely monitored market developments since its inception.

In 2002, the bank began its first move into the regional market, expanding its business activities into Saudi Arabia and Iran.

In 2004, the bank joined with the Bank of Beirut and Emirates Bank International in order to apply for a banking license in Syria.

In 2005, for example, the company opened a dedicated Islamic bank, QNB Al Islam, becoming the first commercial bank in Qatar to provide banking services in accordance with sharia law.

As the biggest Turkish bank abroad in terms of investments and branch network, Finansbank A.Ş was acquired by National Bank of Greece (NBG), the biggest bank in Greece, in August 2006.

By then, the bank had already expanded in the Dubai market, and, in March 2007, announced that it had been granted a license to operate in Oman as well.

Under his leadership, QNB opened branches in the neighboring areas of Coopersburg, Pennsburg, Perkasie, Souderton, QNB's first supermarket branch and in November of 2008, its ninth branch in Wescosville.

In 2009 QNB Geneva was opened, providing a third European presence for the QNB brand.

The launch of QNB Financial Services (QNBFS) in January 2011 continued to expand the Bank’s persona as a modern-day financial success story.

Enpara.com, the first bank with no branches in Turkey that offers services exclusively on digital channels, was established in October 2012.

The Global Finance Magazine ranked QNB as "One of The Top 50 Safest Banks in the World" in 2013.

In 2015 Finansbank A.Ş established Small Hands Big Dreams ("Minik Eller Büyük Hayaller "), a social contribution and development platform with the aim of transferring to children, creative leaders of tomorrow, its characteristics of innovation, creativity, analytical thinking and trustworthiness.

The Bank's name has been changed to QNB Finansbank in October 2016,