CBQ is one of the leading commercial banks in Qatar, offering a wide range of corporate, retail and Islamic banking services and products to its customers in Qatar.
Since its incorporation in 1975, CBQ has, through organic growth and strategic investments in banks established in other Gulf Cooperation Council countries, become a regional banking group, with a strong presence in Qatar and, through its associates, National Bank of Oman and United Arab Bank, a strong presence in Oman and a developing presence in the United Arab Emirates.
JPM have attributed the rise in Qatari banking stocks to several reasons - a) strong macro back-drop with Qatari real GDP 18.5 per cent on a year ago FY10f (IMF est.) and ongoing infrastructure investments, b) well capitalised balance sheet CBQ
16.6 per cent, QNB 14.2 per cent FY10E Tier I, c) low NPLs (approximately 3 per cent - 4 per cent; QNB 0.9 per cent) vs.