Finance
List of Commercial banks in Qatar
Fueled by economic diversification, strategic infrastructure projects, and ambitions to become a global financial hub, Qatar’s dynamic banking sector has flourished in recent decades. This compact nation boasts a rapidly advancing financial system that is crucial for its continued economic growth.
Qatar’s Thriving Banking Sector: Growth, Diversity, and Innovation
Qatar’s banking sector, which includes commercial, Islamic, and foreign banks, has experienced significant growth due to economic diversification, strategic infrastructure investments, and its rise as a global financial hub. Key players such as Qatar National Bank, Commercial Bank of Qatar, Doha Bank, and Qatar Islamic Bank contribute to the sector’s dynamism. The Qatar Central Bank regulates the sector, ensuring soundness and transparency, which attracts investors. Economic growth, infrastructure projects, and diversification into real estate, tourism, and finance drive expansion. Major events like the FIFA World Cup 2022 enhance banking activity and global partnerships. Islamic banking provides ethical solutions, while digital banking innovations improve efficiency and customer experience.
| Bank Name | Headquarters | Bank Sector | Bank Revenue (QAR) | Bank Revenue(USD) | Contact Details |
| Qatar National Bank | Doha, Qatar | public | 10.30 billion | 2.82 billion | Phone: +974 4440 7777 |
| Commercial Bank of Qatar | Doha, Qatar | Public | 3,010.2 million | 826.97 million | Phone: +974 4449 0000 |
| Doha Bank | Doha, Qatar | Public | QR 769 million | 211.26million | Phone: +974 4445 6000 |
| Qatar Islamic Bank | Doha, Qatar | Public | 1.75 billion | 0.48billion | Phone: +974 4440 9409 |
| Ahli Bank | Doha, Qatar | Public | 0.43billion | 0.11billion | Phone: +974 4420 5115 |
| International Bank of Qatar | Doha, Qatar | public | 0.55 billion | 0.15billion | Phone: +974 4447 8000 |
| Barwa Bank (now part of Dukhan Bank) | Doha, Qatar | public | 1.1 billion | 0.30billion | Phone: +974 4428 8888 |
In conclusion, Qatar’s banking sector, fueled by economic growth, strategic regulations, and technological advancements, is well-positioned to maintain its momentum as a leading financial hub in the region and beyond.
