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Investor Relations Presentation December 2025 Download our IR Application
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Contents 1. QNB at a Glance 2. QNB Comparative Positioning – Qatar and MEA 3. Financial Highlights 4. Sustainability 5. Economic Overview Notes: All figures in US Dollars have been converted from Qatari Riyals based on the exchange rate of 1 US Dollar = 3.6405 Qatari Riyals In certain cases, numbers may be rounded for presentation purposes
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QNB at a Glance
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QNB is a strong and highly rated bank with international footprint 4 #1 bank in the Middle East and Africa across all balance sheet metrics A+ AA Aa2 A+ Standard & Poor’s Capital Intelligence Moody’s Fitch USD 46.7 Bn USD 382.2 Bn USD 4.67 Bn USD 0.48 Market Cap. Assets Net Profit2 EPS Solid financial strength Top-tier credit ratings Key Strengths Geographically Diversified Financial Position Leading Regional Presence Exposure to High- Value Transactions Strong Qatari Government Support Strong Credit Ratings Leading Domestic Presence Experienced Management Team Strong Operating Performance and Financial Position Source: 1: Brand Finance ® 2025 2: Profit attributable to Equity Holders of the Bank International network with presence in more than 28 countries Most valuable banking brand in the Middle East and Africa, worth USD 9.4 Bn1 About 31,000 employees operating from more than 900 locations
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QNB’s International Footprint Sub-Saharan Africa South Sudan: (1 Branch) Togo: (660 Branches³ across Africa through 20.1% stake in Ecobank) Indonesia: (7 Branches, 91.57% stake in QNB Indonesia) Singapore: (1 Branch) India: (2 Branches) China / Hong Kong: (1 Representative office, 1 Branch) Vietnam: (1 Representative office) North Africa Egypt: (236 Branches, 95.00% stake in QNB Egypt) Libya: (1¹ Representative Office) Tunisia: (26 Branches, 99.99% Stake in QNB Tunisia) Sudan: (1 Branch) Algeria: (10¹ Branches) Middle East Qatar: (48 Branches) KSA: (2 Branches) UAE: (6¹ + 1¹ Branches, 40% stake in CBI) Syria: (8 + 23¹ Branches, 50.8% stake in QNB Syria Palestine: (15¹ Branches) Iraq: (8 Branches, 54.2% stake in Mansour Bank Oman: (4 Branches) Bahrain: (1¹ + 1¹ Branch) Kuwait: (1 Branch) Lebanon: (1 Branch) Yemen: (1 Branch) Iran: (1 Representative Office²) Jordan: (103¹ + 3¹ Branches, 38.6% stake in Housing Bank of Trade & Finance Europe United Kingdom: (1 +1¹ Branch and 100% stake in Digital Q-FS Limited) France: (1 Branch) Switzerland: (1 Branch, 100% stake in QNB Suisse SA) Turkiye: (424 Branches, 99.88% stake in QNB Turkiye and Enpara) 1: Includes the branches / representative offices from subsidiaries and associates 2: Dormant 3: The branch data for Ecobank is as at September 2025 5 Asia
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QNB Comparative Positioning – Qatar and MEA
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Top 5 Listed Domestic Banks – September 2025 7 Note: All amounts are in USD billions Source: Banks’ September 2025 Press Release or Financial Statements, if available Banks listed on Qatar Stock Exchange QNB continues to excel in the domestic market Assets 381.6 59.0 52.7 48.5 32.8 264.4 36.8 31.2 23.7 23.5 Deposits Loans Net Profit 3.52 0.96 0.49 0.36 0.33 274.9 36.2 31.1 28.6 23.5
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Top 5 Listed MEA Banks – September 2025 8 Note: All amounts are in USD billions Source: Banks’ September 2025 Press Release or Financial Statements, if available, non-exhaustive QNB maintains its position as the leading bank in the region across all balance sheet categories Assets Deposits Loans 381.6 376.3 321.8 310.1 282.5 264.4 230.9 207.0 178.7 170.6 5.16 4.97 4.91 4.36 3.52 Net Profit 274.8 201.6 193.4 166.8 162.3
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QNB is the leading financial institution in the MEA region with regards to brand value 9 Source: Brand Finance ® 2025 Brand Value (USD Bn) Top MEA banking brands 9.36 4.51 7.52 4.54 5.28 • QNB For the 12th consecutive year, QNB retains the most valuable Banking Brand in Middle East and Africa region • The 2025 Brand Value for QNB Group increased by 11% to USD 9.4 billion • QNB’s Brand Strength Index (BSI) was rated at 86 (AAA) • QNB currently ranks as the 39th most valuable bank brand in the world Key highlights
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Financial Highlights
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QNB Group demonstrate sustainable growth 11 Financial Highlights (as at 31 December 2025) • Net interest margin (NIM)2: 2.67% • Cost to income ratio: 23.3% • Earnings per share: USD 0.48 • RoAA 1.26% Profit¹ +2%• USD4.67 billion • NPL (% of gross loans): 2.6% • Coverage ratio3: 100% Assets +7%• USD382.2 billion assets • Regulatory loans to deposits ratio4: 98.6%Funding +8%• USD262.4 billion deposits • Capital adequacy ratio: 19.3% (QCB Basel III Reforms) • RoAE5: 16.7% Equity +10% +12% Growth vs. December 2024 • USD279.7 billion loans • USD34.3 billion equity Source: Financial Statements 1: Profit Attributable to Equity Holders of the Bank 2: Net interest margin calculated as net interest income over average interest earnings assets 3: Based on Stage 3 provisions, excluding interest accrued 4: This represents the regulatory loans to deposits ratio imposed by QCB effective from 2022. 5: RoAE uses Average Equity excluding Fair Value Reserve, Proposed dividend and Non Controlling Interests
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QNB Egypt1 12 Source: QNB Egypt under International Financial Reporting Standards 1: Formerly known as QNB ALAHLI 2: Profit Attributable to Equity Holders of the Bank 3: Net interest margin calculated as net interest income over average interest earnings assets on a standalone basis 4: Based on Stage 3 provisions, excluding interest accrued Financial Highlights (as at 31 December 2025) • Net interest margin (NIM)3: 6.54% • Cost to income ratio: 23.5% • RoAA 3.1% In EGP terms 3.1% Profit² +6% (+15%) • USD548.3 million (EGP27.0 billion) • NPL (% of gross loans): 4.5% • Coverage ratio4: 85% Assets +21% (+14%) • USD19.6 billion assets (EGP935.7 billion) • Loans to deposits ratio: 58.3%Funding +22% (+14%) • USD16.2 billion deposits (EGP774.8 billion) • Capital adequacy ratio: 27.2% (QCB Basel III Reforms) • RoAE⁵: 26.6% In EGP Terms 26.8% Equity +37% (+29%) • USD2.4 billion equity (EGP115.4 billion) +37% (+29%) • USD9.5 billion loans (EGP451.6 billion) Growth vs. December 2024 5: RoAE uses Average Equity excluding Fair Value Reserve, Proposed Dividend and Non Controlling Interests.
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QNB Turkiye Operations¹ 13 Source: 1: QNB Turkiye Operations represents combined financials of QNB Bank A.S. and Enpara Bank A.S. 2: Profit Attributable to Equity Holders of the Bank 3: Net interest margin (calculated as net interest income over average interest earnings assets) and Capital Adequacy Ratio are reported based on QNB Bank A.S. 4: Based on Stage 3 provisions, excluding interest accrued Financial Highlights (as at 31 December 2025) • Net interest margin (NIM)3: 7.90% • Cost to income ratio: 31.5% • RoAA 0.9% In TRY terms 0.9% Profit² >100% (>100%) • USD413.4 million (TRY17.8 billion) • NPL (% of gross loans): 3.6% • Coverage ratio4: 89% Assets +15% (+39%) • USD51.3 billion assets (TRY2,204.4 billion) • Loans to deposits ratio: 101.4%Funding +18% (+44%)• USD30.3 billion deposits (TRY1,302.7 billion) • Capital adequacy ratio3: 15.5% (QCB Basel III Reforms) After BRSA Relaxation Measures 17.2% • RoAE⁵: 9.4% In TRY Terms 10.1% Equity +32% (+58%) • USD5.0 billion equity (TRY214.6 billion) +18% (+43%) • USD30.7 billion loans (TRY1,320.7 billion) Growth vs. December 2024 5: RoAE uses Average Equity excluding Fair Value Reserve, Proposed Dividend and Non Controlling Interests.
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Enpara Bank A.S. 14 Financial Highlights (as at 31 December 2025) • Net interest margin (NIM): 9.1% • Cost to income ratio: 34.1% Profit¹ >100% (>100%) • USD72.2 million (TRY3.1 billion) 17% of QNB Turkiye Operations² • NPL (% of gross loans): 5.6% • Retail Loans Market Share4: 4.0% • Credit Cards Market Share4: 2.9% Assets³ +13% (+38%) • USD3.4 billion loans (TRY144.3 billion) 11% of QNB Turkiye Operations • Loans to deposits ratio: 70% • Retail Deposits Market Share4: 2.4% Funding³ +9% (+33%) • USD4.8 billion deposits (TRY205.7 billion) 16% of QNB Turkiye Operations • Average Daily Logins: 4.0 million • Digital Onboarding Market Share4 14.0% Clients³ +16%• 8.6 million registered clients Growth vs. December 2024 Enpara.com was the digital banking division of QNB Bank A.S. Enpara Bank A.S. has been spun off from QNB Bank A.S. effective 27 August 2025 with all related balances of Enpara.com transferred to Enpara Bank A.S. 1. Profit as reported by Enpara Bank A.S. for the period ended 31 December 2025. The growth in profit is computed with respect to pro-forma Enpara.com profitability for similar period 2. QNB Turkiye Operations represent the combined balances of QNB Bank A.S. and Enpara Bank A.S. 3. Balances, clients and other metrics represent amounts reported by Enpara Bank A.S. as at 31 December 2025 vs pro-forma Enpara.com amounts for 31 December 2024, where relevant for growth purposes 4. All market share data is computed with respect to a subset of privately owned banks in Turkiye
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Strong domestic franchise with widespread geographical footprint contributes to diversification and growth Geographical Contribution (as at 31 December 2025) % Share of International as percentage of the total Net Profit¹ Loans Deposits • Profit from international operations increased by USD0.75 Bn (73%) from 2023 to 2025 • Loans from Intl operations increased by USD13.5 Bn (28%) from 2023 to 2025 • Deposits from Intl operations increased by USD19.8 Bn (20%) from 2023 to 2025 USD billion 24% 29% 38% 21% 22% 22% 42% 42% 45% Source: Financial Statements 1: Profit Attributable to Equity Holders of the Bank USD billion USD billion 1.02 1.33 1.77 3.24 3.26 2.90 2023 2024 2025 4.26 4.59 4.67 Domestic International 48.3 53.9 61.8 186.0 196.3 217.9 2023 2024 2025 234.3 250.2 279.7 99.2 102.8 118.9 136.2 140.9 143.5 2023 2024 2025 235.4 243.7 262.4 15
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Consistent Profitability and Cost Discipline 16 Income Statement Breakdown (USD billion as at 31 December 2025) Net Profit¹ Operating Income² Net Interest Income • Net Profit increased by 2% from December 2024 24.3% 22.2% 19.7% • Operating income increased by 8% from December 2024 • Best-in-class efficiency • NII increased by 9% from 2024 • Strong NIM with the current size of USD382 billion of total assets Source: Financial Statements 1: Profit Attributable in Equity Holders of the Bank 2: Operating Income includes Share of Results of Associates 3: Net interest margin calculated as net interest income over average interest earning assets 7.02 7.78 9.64 11.36 12.30 2021 2022 2023 2024 2025 5 yrs: 10% 6.33 7.93 8.36 9.02 9.83 2021 2022 2023 2024 2025 5 yrs: 9% 3.63 3.94 4.26 4.59 4.67 2021 2022 2023 2024 2025 5 yrs: 5% 22.3% 23.3% 2.47% 2.60% 2.60% 2.65% 2.67% % Cost to Income Ratio % Net Interest Margin³
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Asset growth driven by lending activities mainly in USD and QAR 17 Assets Analysis (as at 31 December) Total Assets Evolution 2025 Split of Assets (%) • Assets increased by 7% from December 2024 • Loans and advances represent 73% of total assets • USD and QAR currencies account for about 68% of total assets Source: Financial Statements 1: Includes investment in securities and associates USD billion 300.2 326.7 338.1 356.5 382.2 2021 2022 2023 2024 2025 5 yrs: 5% By Type By Currency 5.7 100.0 5.1 73.2 14.1 1.9 Cash and Balances with Central Banks Due from Banks Loans and Advances Investments¹ Fixed and Other Assets Total 21.9 100.0 46.1 6.2 8.2 3.1 4.4 10.1 QAR USD TRY EUR EGP GBP Others Total
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Stable loan momentum 18 Loan Analysis (as at 31 December) Total Loans Evolution 2025 Split of Loans (%) • Loans increased by 12% compared to December 2024 • 2021-2025 CAGR of 6% • Loans denominated in USD represent 61% of total loans • Loan exposures are of a high quality with 35% concentration to Government and public sector entities Source: Financial Statements 1: Reported based on Gross Loans USD billion By Geography By Sector¹ 209.8 221.8 234.3 250.2 279.7 2021 2022 2023 2024 2025 5 yrs: 6% 77.9 100.0 8.5 3.8 2.4 2.0 2.3 3.1 Qatar Turkey Egypt Europe GCC North America Others Total 35.0 100.0 42.0 4.6 8.5 9.9 Services/ Commerce Industry Real Estate & Contracting Individual Total Govt. & Govt. Agencies
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High quality lending portfolio is underpinned by low NPL ratios 19 Asset Quality Analysis Non Performing Loans (NPL) by Segment • QNB has continued to increase its provisions in response to the global economic situation on account of economic headwinds and uncertainties • The bank’s coverage ratio has remained robust amidst the economic downturn, with a coverage of 100% as at December 2025 • Past dues are NPL after 90 days default • There is an additional risk reserve of USD 4,120 million which is greater than the 2.5% QCB requirements Source: Financial Statements 1: % of NPLs over gross loans excluding interest receivables 2: % of provisions over NPLs (Stage 3 only) USD billion NPL Ratio¹ 3.0% Total NPL’s SME Corporate Retail 7,239 x 5,595 5,215 5,196 358 375 466 1,286 1,601 1,864 Dec-23 Dec-24 Dec-25 2.8% 2.6% Coverage Ratio² 100% 100% 100% 7,191 7,527
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High quality investment portfolio with 66% of securities rated AA or Sovereign 20 Investments Analysis (USD million as at December 2025) Fair Value Through Other Comprehensive Income & Fair Value Through Profit or Loss • Quoted securities account for 99% of FVOCI Investment securities Source: Financial Statements / QNB USD million Amortised Cost • Good mix of both fixed and floating rates securities USD million 5,512 9,498 1,385 307 221 State of Qatar Sovereign Debt Other Sovereign Debt Other Debt Securities Funds & Equities 0 0 0 Quoted Unquoted 7,345 9,507 444 35 1,844 14,867 State of Qatar Sovereign Debt Other Sovereign Debt GCC Corporate & FI Debt Securities Other Debt Securities 0 0 Fixed rate Floating rate
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Robust growth in customer deposits and funding 21 Funding Analysis (as at 31 December) Customer Deposits Evolution • Deposits increased by 8% from December 2024 • 2021-2025 CAGR of 4% Source: Financial Statements USD billion 2025 Split of Deposits (%) • QNB remains the public sector’s preferred bank • USD, EGP and TRY denominated deposits represent 45%, 4% and 7% of total deposits respectively By Sector By Type By Geography 25.2 100.0 57.5 17.3 Corporates Individuals Total Govt. & Govt. Agencies 78.0 100.0 3.2 18.8 Time Deposits Saving Accounts Current and Call Accounts Total 54.7 100.0 5.0 13.8 6.3 6.0 0.7 13.5 Qatar GCC Europe Turkey Egypt MENA Others Total 215.8 231.4 235.4 243.7 262.4 2021 2022 2023 2024 2025 5 yrs: 4%
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Solid liquidity profile 22 Liquidity Analysis (as at 31 December) Sources of Liquidity • QCB LCR 144% • QCB NSFR 105% Source: Financial Statements 1: This represents the regulatory loans to deposits ratio imposed by QCB effective from 2022. 2021 is not directly comparable. 2: Liquid Assets calculated as the sum of Cash and Balances with Central Bank, Due from Banks and Investment Securities 3: QCB Liquidity ratios are more restrictive than standard Basel definitions for non-resident funding Loans to Deposits¹ Ratio Evolution Liquid Assets² Evolution Key QCB Liquidity Ratios³ 97.2 89.8 94.7 96.8 98.6 2021 2022 2023 2024 2025 % USD billion 82.5 95.5 95.3 97.7 92.5 2021 2022 2023 2024 2025 27% 29% 28% 27% 24% Share of Total Assets% % of total liabilities 11.2 100.0 75.4 3.7 4.5 5.2 Due to Banks Customer Deposits Debt Securities Other Borrowings Other Liabilities Total Liabilities
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Strong capital adequacy ratio maintained above both QCB and Basel III reform requirements 23 Capital Analysis (as at 31 December) Source: Financial Statements 1. Effective 1 January 2024, the DSIB charge has been increased from 2.5 per cent to 3.5 per cent, thus the total capital requirements are higher by 1 per cent at all levels. Basel III Capital Adequacy Ratio including Reform Requirements % 15.0 CET 1 12.0 (QCB) 18.2 Tier 1 14.0 (QCB) 19.3 Total CAR 17.0 (QCB) • Capital adequacy ratio is above QCB and Basel III reform requirements including the applicable DSIB1 buffer of 3.5% Minimum CAR Requirements % Without buffers Capital Conservation Buffer DSIB Charge¹ ICAAP Charge Total Requirement CET 1 ratio 6.0 2.5 3.5 - 12.0 Tier 1 ratio 8.0 2.5 3.5 - 14.0 Total CAR 10.0 2.5 3.5 1.0 17.0
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Diversifying business mix bolsters sustainable growth 24 Business Mix Contribution (% share as at 31 December) • Maintain dominant domestic market share • Grow international contribution • Nurture SME business in Qatar Source: QNB 1: Profit Attributable to Equity Holders of the Bank Lines of Business Net Profit¹ Group Corporate Group Asset and Wealth Management Group Consumer Banking 75 Op. Income Loans Deposit 70 89 81 • Ensure positioning as Qatar's leading private bank • Maintain positioning as Qatar's leading fund manager • Preferred Institutional Broker6 3 5 5 19 27 6 14 • Maintain domestic market share • Continue to enhance global affluent offering • Selectively expand retail offering across international network
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IFRS 9 – Additional buffers for earnings stability 25 • QNB implemented IFRS 9 with effect from 1 January 2018 based on the QCB guidelines. • As per QCB instructions, ECL impact has been treated as Tier 2 Capital for CAR purposes with no amortisation of the transition impact. Source: QNB 1: Coverage ratio is calculated as impairment allowance over gross exposures subject to ECL 2: Cost of Risk is calculated as annualised ECL charge on Loans & Advances over Average Gross Loans Financial Impacts Coverage ratio1 December 2025 Stage 1 Stage 2 Stage 3 Due from Banks and Balances with Central Banks 0.2% 0.4% 94.4% Loans 0.3% 16.6% 100% Investments 0.1% N/A 99.5% Off balance sheet 0.1% 8.1% 57.2% Cost of Risk for Lending² December 2025 Stage 1 Stage 2 Stage 3 (NPL) Total Cost of Risk 4 bps 35 bps 58 bps 97 bps
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26 Source: Financial Statements / QNB Operating Income includes the share of result of associates. Profit represents Net Profit Attributable to Equity Holders of the Bank * QNB Turkiye contribution of operating income is net of the hyperinflation loss. QNB Group Financials Key data (as at December 2025) Financials 6.96 3.74 8.13 4.26 12.30 4.67 Operating income Profit 311 239 216 331 249 232 382 280 262 Total Assets Loans & Advances Customer Deposits QNB excluding QNB Egypt and QNB Turkiye Operations QNB incl. QNB Egypt QNB incl. QNB Turkiye Operations 9.6% 29.4%* 11.2% 8.8% 5.1% 13.4% 3.4% 11.0% 6.2% 11.6% Presence 284 10,661 520 944 31,486 Branches Staff 18,226 % % Contribution of QNB Egypt Contribution of QNB Turkiye Operations
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Sustainability
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Based upon this approach, QNB has compiled a comprehensive list of relevant economic, ethical, social, and environmental impact areas Define Sustainability strategy and framework to address material topics Engage stakeholder groups to identify QNB impacts (economy, environment and people, including human rights) Prioritise impacts based on significance and determine material topics Map material topics to ESG frameworks (e.g., UNSDGs1) 28 1 United Nations Sustainable Development Goals QNB engages key stakeholder groups to formulate, prioritise, and act upon the sustainability topics most material to them
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GovernanceSocialEnvironmental QNB Sustainability Framework Sustainable finance Customer experience and responsible engagement Sustainable operations Environmental impact Responsible procurement and supply chain Beyond banking Community investment, sponsorships, volunteering Climate action and ESG in financing SMEs, entrepreneurship, and financial inclusion Governance and compliance Gender diversity and talent management Data security and privacy 29 QNB has established its sustainability framework and strategy along the pillars of ESG to actively and positively address material topics
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30 Sustainable finance ESRM1, Climate Change Strategy, Scope 3 financed emissions (PCAF) Beyond banking Sustainable operations Operate to Succeed 39 sustainable products and services Sustainable Finance and Product Framework UNGC, UNEP FI, UN WEP Signatory2 100% renewable energy in Türkiye, India and UK Employee and third-party focus Health and Environment Youth and Education Sport and Culture Independent assurance for GRI and KPIs Transition to Greener Economy Contribute to Society USD >11 Bn of sustainable financing Social and Humanitarian QNB has delivered and achieved a number of key ESG milestones across all areas of our sustainability framework As at 31 December 2025 1 Environmental and Social Risk Management policy framework 2 UNGC = UN Global Compact, PCAF = Partnership for Carbon Accounting Financials, UNEP FI = UN Environment Programme Finance Initiative (QNB Egypt), UN WEP = UN Women's Empowerment Principles (QNB Türkiye)
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Sustainable financing portfolio USD >11 Bn Only bank in Qatar as Joint Lead Manager USD 2.5 Bn Green bond facilitation First global alignment with new ICMA guidelines First Climate Transition Bond The largest EUR green bond issuance from a ME bank EUR 750 Mn Green bond issuance Direct exposure to high-risk sectors1 limited to ~1% of loan book Climate scenarios Covering >90% portfolio PCAF member, Scope 3 financed emissions Digital transactions (online & mobile as a % of total) 89% Data security breaches 0 Net Promoter Score (NPS) achieved in Qatar 682 31 Customer experienceFinancing Sustainable finance at a glance As at 31 December 2025 Climate Strategy USD >2.4 Bn ESG bond issuances since 2020 Including Blue, Green, and Social Bonds Sustainable Products and Services 39 1 High-risk sectors including coal, oil and gas, metals and mining, and palm oil 2 NPS score as at FY2024. FY2025 score will be presented one available Group-wide climate ambition, priority sectors, and baseline
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QNB is proactively addressing both climate risk and opportunities in its governance, financing, engagement, and reporting 1 Cash and Balances with Central Banks and Due from Banks have zero emissions. Emissions related to Investment in Associates and Other Assets are not disclosed 2 For further details on financed emissions by industry, see QNB Group Sustainability Report 2024 QNB PCAF data quality score of 2.7 As at 31 December 2024 First bank in the Middle East to disclose in alignment with IFRS S1 and S2 Scope 3 financed emissions cover of the Group portfolio >90% Group financed emissions intensity tCO2e/QAR Mn 105
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QNB Group Sustainable Finance and Product Framework (SFPF) ISS Corporate Solutions Second Party Opinion (SPO) QNB’s Sustainable Finance and Product Framework (SFPF) is the first of its type in Qatar and market leading in the region 9a778ce8-ca4a-47a5-bed0-03a2dcc2a7b7 ✓✓✓✓ QNB Group's SFPF received an SPO from ISS Corporate Solutions, recognising its alignment with sustainability goals, clear ESG criteria, and credible approach to sustainable financing This positive assessment supports QNB's efforts to integrate sustainability into its financial products and services 33 QNB Group SFPF Second Party Opinion (SPO) Environmental Impact Reports Use of proceeds Projects evaluation and selection Management of proceeds Reporting
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Sustainable Finance Transition Finance¹Sustainability- Linked Eligibility criteria Green/ Social Activities • Ambitious and relevant Sustainability Performance Targets and KPIs • Externally verified • KPIs include, e.g., – Reduction in GHG emissions – Reduction in energy consumption – Increase in renewable energy • Credible climate transition plan • Paris aligned and/ or science-based climate targets • Criteria includes, e.g., ‒ Decarbonisation technologies ‒ Use of low GHG sustainable fuel ‒ Switch to electric or hydrogen engines QNB’s SFPF is aligned with international taxonomies, eligibility criteria, and standards to enable and drive ESG and climate financing 34 Green Use of Proceeds Social Use of Proceeds 1 Includes Manufacturing, Transportation, Energy, Non-Green hydrogen, in line with international/ regional peer frameworks
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Green and Sustainable bond issuances Increase in green financing since 2020 >75% Participation in sustainability-linked syndicated lending worth with direct participation of over USD >15 Bn USD >1.3 Bn 1 2 QNB Group’s total sustainable lending portfolio USD >11 Bn QNB continues to leverage the SFPF and client engagement to further develop and grow its sustainability portfolio As at 31 December 2025 35 1 Including green retail loans 2 Including sustainable bonds 3 USD 600 Mn Green Bond (QNB Group, 2020); USD 500 Mn Sustainable Bond, 125 Mn Blue/Green Bond, 40 Mn Social Private Placement, USD 20 Mn Green Private Placement, USD 100 Mn Climate Transition Bond, USD 100 Mn Triple Impact Bond (QNB Türkiye, 2024-2025), EUR 750 Mn Green Bond (QNB Group, 2025) USD >2.4 Bn3
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Green Mortgages Green Private Placements Green Deposits Electric Vehicle Loans Green Repurchase Agreements Green Bonds Environmental impact of QNB’s Green Bond portfolio1 >965,000 tCO2e Lifetime avoided GHG emissions 745,000 MWh Lifetime avoided electricity use 196,000,000 m3 Lifetime wastewater treated QNB is recognised as a leader in sustainable financing, launching a number of pioneering products and transactions into the market 36 1 QNB Green Bond Impact Report 2025
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Sustainable operations at a glance As at 31 December 2025 14001 & 50001 ISO certifications for Environmental and Energy1 Management Environmental impact Gender diversity 100% Renewable energy in QNB Türkiye, India, and UK operations 45% reduction in GHG emissions 48% Female employees 0.93 Female/ male pay ratio 33% Women in senior and middle management 2 Female QNB Group Board of Directors Deloitte & Touche Middle East is undertaking independent limited assurance in 2025 on: Reporting in accordance with GRI Universal Standards, Female employment rate, Percentage of female Board members in subsidiaries, and GHG Scope 1, Scope 2, Scope 3: Business Travel emissions, and Scope 3: Financed Emissions 37 Total reduction since 2017
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QNB is integrating ESG into our operations to align with international best practices and embed sustainability into our DNA Independent assurance on reporting1 Commitment to global and regional frameworks Focus on our people – employee value proposition Protecting environment and society Enhancing Third Party Risk Management (TPRM) • 100% renewable energy sources in Türkiye, India and UK operations (47%) • Installed solar energy stations in all owned, stand-alone, buildings in Egypt • Established Third Party Risk Management assessments • Embedded Supplier Code of Conduct as part of centralised procurement requirement • Conducted site visits and inspections for 100% of manpower suppliers2 in Qatar Supplier Code of Conduct • Continued emphasis on diversity, inclusion, and nationalisation for our people and talent • Focus on learning and development, capabilities building, and succession 38 1 QNB Group Sustainability Report 2024 2 For service lines: Cleaning and Hygiene, Physical and Cash Security, Hospitality, and Facilities Management
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• Best bank for Green Bonds in Middle East (ME) • Best bank for Sustainable Project Finance in ME • Best bank for Sustainability Transparency in ME Sustainable Finance Awards 2025 (Global Finance)9× 23.6 (Medium risk) 52 (83rd percentile) B 50 (85th percentile) B Disclosures A A 21.9 (Medium risk) 59 (86th percentile) B AA 16.7 (Low risk) 2023 2024 2025 QNB is recognised as a regional leader in climate financing and ESG initiatives through external ratings and international awards As at 31 December 2025 39
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40 Public reports Public policies and frameworks • For our public ESG policies, frameworks and reporting, visit QNB’s dedicated Sustainability page or click directly on one of the below policies • Scan below QR code to access the page through your mobile • For any further inquiries, contact sustainability@qnb.com • Click on the below reports for direct access
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Economic Overview
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Qatar is strategically located between Europe and Asia and possesses one of the largest gas reserves in the world • Qatar is a peninsula located in the Persian Gulf and is a member of the Gulf Cooperation Council (GCC) • Qatar’s total population is around 3.3 million • Qatar is endowed with the world’s largest hydrocarbon reserves on a per capita basis • Qatar’s hydrocarbon reserves are mostly held in the North Field; the world’s largest non- associated gas field • Qatar is one of the world’s largest exporters of liquefied natural gas (LNG) Comments Source: QNB analysis
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Qatar’s hydrocarbon production generates significant wealth via exports and has fueled substantial current account surpluses Hydrocarbon Production Current Account Surplus 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 2000 2005 2010 2015 2019 2024 0 50 100 150 200 250 300 350 400 450 500 550 2000 2005 2010 2015 2020 2024 Mn boe Cumulative, USD Bn Source: International Monetary Fund, Qatar Central Bank, QNB analysis
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The development of Qatar’s vast hydrocarbon reserves make it one of the richest countries in the world Hydrocarbon Reserves per Capita (2021*) GDP per Capita (2024) 144 24 14 12 10 9 5 4 4 2 2 Qatar Kuwait UAE Venezuela Saudi Arabia Libya Canada Iraq Iran Kazakhstan Russia 144 134 134 112 97 92 85 83 80 78 Luxembourg Ireland Singapore Qatar UAE Switzerland US Norway Guyana Denmark At current extraction rates, Qatar’s proven gas reserves would last for over a hundred years Development of the hydrocarbon sector has made Qatar one of the world’s richest countries Thousand barrels of oil equivalent (boe) Thousand USD PPP *Latest available for all countries Source: British Petroleum, International Monetary Fund, Qatar Energy, QNB analysis
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Robust fiscal and external position based on IMF estimates of breakeven prices for crude oil Definition GCC projected breakeven prices 2026 (USD per barrel) Fiscal breakeven price • Brent crude oil price at which the fiscal account would be at balance External breakeven price • Brent crude oil price at which the external current account would be at balance 43 45 53 87 3731 48 817569 + surpluses - surpluses 77 Source: International Monetary Fund, QNB analysis 2025 average Brent prices
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Qatar benefits from solid trade relations and robust energy partnerships Qatar’s External Sector Trade Flows (2024) Exports Imports • HC: LNG, condensates, oil, gas • Non-HC: petrochemicals, fertilizers, chemicals, plastics, steel, aluminium, machinery and transport equipment • Investment related: capital goods and intermediate goods used as inputs for production • Consumer goods: finished products that are ready for consumption or distribution for end user Source: Haver, International Monetary Fund, QNB analysis 18.9 12.8 11.2 6.7 6.7 6.0 3.0 2.9 2.7 2.3 Exports (USD Bn) Imports (USD Bn) 5.4 4.6 2.0 1.9 1.8 1.7 1.6 1.5 1.0 0.9 China South Korea India Japan Singapore UAE Taiwan Pakistan Italy Thailand China US Italy India Japan UAE UK Germany France Oman
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Qatar is a leading LNG exporter and benefits from a clear cost advantage vis-à-vis other exporters LNG Export Capacity (2024) LNG Projects Cost Curve Qatar is consistently amongst the three largest exporters of LNG globally Qatar’s LNG production is at the bottom of the global LNG cost curve, allowing for flexibility and resilience Million metrics tonnes per year (mtpa) USD/mmBtu 93 88 77 34 28 23 23 US Australia Qatar Russia Algeria Indonesia Nigeria 0 2 4 6 8 10 12 14 16 Qatar US Russia Australia Source: Bloomberg, Wood Mackenzie, Qatar Energy, QNB analysis
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Long-term prospects for LNG demand remain robust, creating opportunities for suppliers that are competitive and reliable Energy security • Natural gas is critical to global energy demand Sustainable position • Natural gas is the cleanest fossil fuel in terms of carbon dioxide emission • Natural gas is generally considered a “transition” fossil fuel Robust growth potential • Increase in demand from Asia due to growth and the bigger share in energy matrixes 256 365 441 484 2015 2020 2025f 2027f 2030f 600 Global LNG Market Demand (million tonnes per year) 5-year CAGR: 7.4% 5-year forecast CAGR: 6.4% Rationale – The Case for Gas Given the size and quality of its reserves, Qatar has a global competitive cost advantage that makes it a low-cost producer Source: Bloomberg, McKinsey, Qatar Energy, QNB analysis
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Qatar is responding to this demand and opportunity with the North Field Expansion project, which will increase LNG output by 85% • Globally, Qatar is the largest LNG exporter with a market share of 20-30% of total LNG exports • In 2017, Qatar decided to lift the moratorium on the North Field output • Eight new LNG trains will increase Qatar’s LNG production by 85% to 142 million tonnes per annum: – Phase I (North Field East): output increase from 77 to 110 mtpa by 2026 – Phase II (North Field South): output to 126 mtpa by 2028 – Phase III (North Field West): output to 142 mtpa by 2030 Qatar’s LNG Output Increase 77 110 126 2023 2026 2027 2030 142 85% growth Million metrics tonnes per year (mtpa) Source: Qatar Energy, QNB analysis
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To reduce reliance on hydrocarbon revenues, Qatar introduced a diversification strategy via Qatar National Vision 2030 (QNV 2030) QNV 2030 aims to promote diversification and foster human, social, economic and environmental development: Human development • To enable all of Qatar’s people to sustain a prosperous society Social development • To maintain a just and caring society based on high moral standards and capable of playing a prominent role in the global partnership for development Economic development • To achieve a competitive and diversified economy capable of meeting the needs of, and securing a high standard of living for, all its people for the present and for the future Environmental development • To ensure harmony among economic growth, social development and environmental protection QNV 2030 Comments Human Development Knowledge Based EconomySocial Development Economic Development Environmental Development Source: National Planning Council, QNB analysis
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Economic diversification has accelerated over the last decade in order to achieve the QNV 2030 Real GDP Growth by Sector -5 0 5 10 15 20 25 30 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2024 Hydrocarbon Non-Hydrocarbon Accelerated Diversification %, year-on-year Source: National Planning Council, QNB analysis
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Qatar’s 3rd National Development Strategy aims to support the execution of QNV 2030 through seven key strategic outcomes Qatar’s NDS 3 (2024-2030) Adopt a sustainable growth model to transform into a competitive, productive, diversified, and innovative economy. Strengthen the long-term stability, health, and resilience of the government budget and its balance sheet. Enable and develop citizens into globally competitive individuals and attract high- skilled expatriates as long-term partners in Qatar’s transformation journey. Preserve Qatar’s values and strong family bonds, fostering active citizenship, an integrated community, and harmonious society to thrive in a globalized world. Provide quality of life for all through excellence in healthcare and public safety, with a vibrant cultural life, becoming a best-in-class environment for families. Conserve natural resources, protect ecosystems, reduce greenhouse gas emissions, and build resilience against future environmental threats. Become a world-class provider of government services to citizens, residents, businesses, and institutions, and a top nation for efficient and transparent governance. 1. Sustainable Economic Growth 2. Fiscal Sustainability 3. Future-Ready Workforce 4. Cohesive Society 5. Quality of Life 6. Environmental Sustainability 7. Government Excellence = Focus of discussion on following slide Source: Third Qatar National Development Strategy 2024-2030, QNB analysis
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Qatar’s sustainable economic growth model incorporates four key elements Energy Sector • Qatar will further strengthen its role as a global energy leader and build a position in new emerging fields of low-carbon energy Business Environment • To position Qatar to have one of the top business environments for both domestic and international investors Diversification Clusters • Four identified clusters: growth clusters (manufacturing, logistics, tourism), enabling clusters (IT & digital, financial services, education), national resilience clusters (food & agriculture, health services), and future clusters (green tech, media) Innovation • Bolster Qatar’s innovation ecosystem and increase its impact in propelling productivity advancements and economic growth QNV 2030 Comments Source: Third Qatar National Development Strategy 2024-2030, QNB analysis
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Qatar’s development strategy spurs economic growth along two dimensions QNV 2030 HC Non-HC • North Field Expansion – North Field East – North Field South – North Field West • Project Ru’ya – Third phase of Al-Shaheen’s development • Brownfield projects – Al-Shaheen and Dukhan • Downstream manufacturing projects – Ras Laffan Petrochemical Project – Ammonia 7 Project by QAFCO – New PVC plant by Qapco • Capex packages – Infrastructure and public services uplift • Tourism – Simaisma Project Source: Third Qatar National Development Strategy 2024-2030, QNB analysis
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Qatar’s development strategy is set to achieve significant growth over the next few years Assumptions • Hydrocarbon – All phases of the North Field Expansion project are delivered – Ru’ya and brownfield projects advance • Non-Hydrocarbon – Full development of major petrochemical and fertilizer projects – Continued development of other priority sectors (tourism, healthcare, education) Qatar’s Forthcoming GDP Acceleration 2.4 2.9 6.1 7.8 2024 2025f 2026f 2027f %, y/y Source: Ministry of Finance, QNB analysis
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Post-World Cup tourism surge is set to continue on state-of-the-art infrastructure, good value and regional activity 0.6 2.5 4.0 4.9 5.1 2021 2022 2023 2024 Total Visitors (millions) Hotel Room Keys 7%22% 25% 7% 36% GCC Other Arab 3% Other AfricaAsia Europe Americas 65%9% 9% 9% 8% KSA Kuwait Bahrain Oman UAE Visitor Arrivals by Region in 2025* 28,300 29,386 37,586 39,233 40,405 42,460 2020 2021 2022 2023 2024 2025 FIFA World Cup 2022 *GCC data breakdown for 2024 (data as of December 31th, 2025) Source: Qatar Tourism, National Planning Council, QNB analysis 2025
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Given its wealth and stable outlook, Qatar is one of the highest rated sovereigns in the world Investment Grade AAA Germany, Canada, Switzerland, Norway, Sweden, Netherlands, Luxembourg, Singapore US, Austria, Finland, Taiwan, Hong Kong AA Qatar, UK, South Korea, Abu Dhabi, Ireland, Belgium A+ China, Japan, France, Slovakia, Iceland, Saudi Arabia, Portugal Spain A Lithuania, Chile A- Poland, Malaysia, Croatia BBB+ Italy, Thailand, Philippines, Bulgaria India, Mexico, Indonesia, Greece BBB- Hungary, Kazakhstan, Romania, Panama Standard & Poor’s Sovereign Ratings* BB+ BB BB- B+ B B- CCC+ CCC Non-Investment Grade CCC- CC C AA- Kuwait, Czech Republic BBB AA+ Moody’s Sovereign Ratings* Aaa Aa2 A1 A2 A3 Baa1 Baa3 Aa3 Baa2 Aa1 Standard & Poor’s Ba1 Ba2 Ba3 B1 B2 B3 Caa1 Caa2 Caa3 Ca CMoody’s Germany, Canada, Switzerland, Norway, Sweden, Netherlands, Luxembourg, Singapore, US, Austria, Finland Qatar, South Korea, Abu Dhabi China, Japan, Kuwait, Iceland Chile, Lithuania, Poland Spain, Malaysia, Portugal, Croatia, Slovakia Thailand, Bulgaria, Kazakhstan Italy, Mexico, Indonesia, Philippines, Hungary India, Romania, Panama, Greece Czech Republic, Ireland, Taiwan, Hong Kong, UK, Belgium, France, Saudi Arabia *Non-exhaustive as of December 31st, 2025 Source: Bloomberg, Standard & Poor’s, Moody’s, QNB analysis
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Qatar’s banking and financial system remains resilient and healthy Financial Soundness Indicators (2021-2024, %) Capital Adequacy Tier 1 capital/risk-weighted assets Regulatory capital/risk-weighted assets Asset Quality Non-performing loans/total loans Profitability Liquid assets/total assets Total loans/total deposits Total loans/total assets Liquidity Return on assets Return on equity 20242021 18.1 18.4 19.3 19.6 26.3 25.4 3.7 3.7 123.3 131.2 66.6 66.4 1.4 1.5 14.0 14.5 2022 18.0 19.2 28.4 2.4 121.5 67.2 1.4 14.7 18.2 19.2 26.9 3.9 127.1 66.1 1.5 14.9 2023 Source: Qatar Central Bank, QNB analysis
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Thank you