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# QNB Group Posts QAR 16.7 Billion Net Profit for 2024 as Total Assets Reach $357 Billion
- URL: https://www.theglobalbanker.com/qnb-group-fy2024-net-profit-qar-16-7-billion-assets-357-billion/
- Published: 2025-01-13T17:31:00.000Z
- Updated: 2026-10-02T13:44:36.000Z
- Description: QNB Group reported full-year 2024 net profit of QAR 16.7 billion ($4.6 billion), up 8%, with total assets rising 5% to QAR 1,298 billion ($357 billion), announced on 13 January 2025.
- Author: TGB Editorial Team
- Tags: Banking News, MENA, #archive

QNB Group reported full-year net profit of QAR 16.7 billion, equivalent to approximately $4.6 billion, for the twelve months ended 31 December 2024, representing an increase of 8% compared with the prior year. The results were announced on 13 January 2025.

Total assets expanded by 5% over the year to reach QAR 1,298 billion, equivalent to approximately $357 billion. Net loans and advances to customers grew 7% to QAR 911 billion, or $250 billion. QNB said asset growth was mainly driven by the 7% increase in loans and advances.

#### OPERATING INCOME AND EFFICIENCY

Operating income for the full year rose 6% to QAR 41.3 billion, equivalent to $11.4 billion. QNB's cost-to-income ratio for 2024 stood at 22.3%, a level the bank described as one of the best ratios among large financial institutions in the MEA region. 

#### ASSET QUALITY AND CAPITAL

QNB also reported a non-performing loans ratio of 2.8% with 100% loan loss coverage, and a capital adequacy ratio of 19.2%.