The Commercial Bank of Qatar
The International Bank of Qatar (IBQ)
Standard Chartered Bank Qatar
Arab Bank
Qatar Industrial Development Bank
Qatar Islamic Bank
Banque Paribas – Qatar
HSBC Qatar
Doha Bank Limited
Mashreq Bank Qatar
Al Ahli Bank of Qatar
Bank Saderat Iran
Qatar National Bank
Trading
List of Commercial Banks in Qatar
Published by Gbaf News
Posted on April 19, 2013
1 min read· Last updated: September 24, 2024
Key Takeaways
- Qatar hosts a diverse mix of local and international commercial banks.
- Major local banks include Qatar National Bank, Commercial Bank of Qatar, Doha Bank, Al Ahli Bank, and Qatar Development Bank.
- Several global banks operate branches in Qatar, such as Standard Chartered, HSBC, BNP Paribas, Arab Bank, Mashreq Bank, Bank Saderat Iran, and United Bank.
- The banking sector includes both conventional and Islamic institutions following recent merges like IBQ and Barwa Bank into Dukhan Bank.
- Regulatory oversight is provided by Qatar Central Bank and includes licensing for foreign banks under Qatar Central Bank or QFCRA.
References
Frequently Asked Questions
Which are the major local commercial banks in Qatar?
Major local commercial banks include Qatar National Bank, Commercial Bank of Qatar, Doha Bank, Al Ahli Bank, and Qatar Development Bank.
What international banks have branches in Qatar?
Foreign banks operating in Qatar include Standard Chartered, HSBC, BNP Paribas, Arab Bank, Mashreq Bank, Bank Saderat Iran, and United Bank.
Are there Islamic commercial banks in Qatar?
Yes, Islamic banks such as Qatar Islamic Bank, Qatar International Islamic Bank, Masraf Al Rayan, and Dukhan Bank operate alongside conventional banks.
Who regulates the banking sector in Qatar?
The Qatar Central Bank regulates local and foreign banks, with foreign banks also subject to QFCRA licensing under the Qatar Financial Centre.
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