QIB named ‘Best Performing Bank in Qatar’ by the Banker magazine

QIB named ‘Best Performing Bank in Qatar’ by the Banker magazine

The Banker magazine recently recognised Qatar Islamic Bank (QIB) as the ‘Best Performing Bank in Qatar’ in the Top 100 Arab Banks Rankings for 2022.

Ranking Qatar’s five largest banks by Tier 1 Capital, excluding foreign-owned subsidiaries, QIB emerged as ‘Best Performing Bank in Qatar’ with table-topping scores for operational efficiency and asset quality.

In 2021, QIB achieved the highest figures in the market in Return on Equity and Return on Assets, as well as achieving the best cost-to-income efficiency ratio in Qatar and the Mena region at 18.1%, maintaining its longstanding position as Qatar’s largest Islamic bank in the country and a leading Islamic bank in the region.

Additionally, QIB continues to build on the digital banking momentum with first-to-market and personalised products taking the customer experience to new levels. The bank keeps introducing features to its award-winning mobile app making it the highest-rated banking app in the country and customers’ preferred banking channel to fulfil their financial needs.

Commenting on the new ranking, QIB Group CEO Bassel Gamal said: “We are pleased to be named ‘Best Performing Bank in Qatar’ and to receive such prestigious recognition for our exceptional growth and commitment to our clients.

“This is