The Secretary General of the Union of Arab Banks, Dr. Wissam Fattouh, announced that 8 Qatari banks have entered the list of the 100 largest Arab banks in terms of assets for the year 2024. This is based on an analytical study issued by the General Secretariat of the Union of Arab Banks and the arrangement of the banks according to assets: Qatar National Bank, Qatar Islamic Bank, Masraf Al Rayan, Commercial Bank, Dukhan Bank, Doha Bank, Qatar International Islamic Bank, and National Bank of Qatar. The value of the assets of these banks amounted to approximately 599.8 billion dollars.
Qatar National Bank ranked first locally and in the Arab world and 89th globally on the list in terms of assets, and Qatar Islamic Bank came in second place locally, 21st in the Arab world and 363rd globally, followed by Masraf Al Rayan in third place locally, 23rd in the Arab world and 403rd globally. Then Commercial Bank ranked fourth locally, 25th in the Arab world, and 414th globally, Dukhan Bank ranked fifth locally, 37th in the Arab world, and 510th globally, then Doha Bank ranked sixth locally, 38th in the Arab world, and 525th globally, and Qatar International Islamic Bank ranked seventh locally, 55th in the Arab world, and 727th globally, and finally, Al Ahli Bank of Qatar ranked eighth. Locally, 56th in the Arab world, and 730th globally. Data for the 100 largest Arab banks in terms of assets at the end of 2024 also showed that the total assets of these banks amounted to approximately 4.5 trillion dollars. These banks were distributed among the Arab countries, as the United Arab Emirates registered the largest number of Arab banks on the list of the 100 largest Arab banks, with 16 of its banks included, followed by Saudi Arabia (11 banks), Jordan (10 banks), Morocco and Egypt (9 banks each), Kuwait, Bahrain and Qatar (8 banks each), the Sultanate of Oman (6 banks), Algeria, Tunisia and Libya (4 banks). For each of them), Lebanon (two banks), then Palestine (one bank).
It is worth noting that 24 Islamic banks entered the list of the 100 largest Arab banks, and they were managing assets estimated at about $991.4 billion at the end of 2024, or about 22% of the total assets of those 100 banks.
