Qatar National Bank (QNB) remains top of the pile in the Middle East in The Banker’s Top 1000 World Banks ranking for 2020. But a fresh wave of consolidation among banks in the region has prompted the arrival of two new lenders in the regional top 10, with similar deals set to continue to disrupt the regional landscape in the years to come.
The Qatari giant held on to the top spot in 2020, a year after regaining the position from the UAE’s First Abu Dhabi Bank (FAB). QNB’s Tier 1 capital rose an impressive 10.4% to $24.9bn in 2019, pushing it up to 72nd position in the overall rankings from 75th position in 2019’s ranking. FAB’s 6.5% rise in its capital position pushed it up one position to 85th position in the Top 1000 ranking but it was not enough to challenge QNB’s lead.
