QIB recognized as Best Performing Bank in Qatar by Banker magazine

By Arya M Nair, Intern Reporter
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Qatar Islamic Bank (QIB), has been named the Best Performing Bank in the region in the Top 100 Arab Banks Rankings for 2022 by the Banker magazine, a Financial Times publication, and a leading global finance news publication.

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 achieved the best cost-to-income efficiency ratio in Qatar and the MENA region at 18.1 percent, maintaining its longstanding position as Qatar’s largest Islamic Bank in the country, and a leading Islamic bank in the region.

Bassel Gamal 
Bassel Gamal 
Group CEO – QIB

“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 a proud moment for the whole team and a testament to their commitment to efficiency that wouldn’t be achievable without the continuous support of the Board of Directors. Our strong results and overall profitability demonstrate the efficiency of our business model and digital transformation strategy.”

Additionally, QIB continues to build on the digital banking momentum with first-to-market and personalized 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 fulfill their financial needs.

Related: Qatar’s QIB launches new summer campaign for Personal, Auto & Home finance