QNB Share Buyback
DOHA, Qatar, Sept. 11, 2024 /PRNewswire/ -- The Board of Directors of QNB Group decided at its meeting held on 11 September 2024 to approve a buyback of QNB's shares (Doha: QNBK)...
- Investing.com
Qatar National Bank (Q.P.S.C.), together with its subsidiaries, provides conventional and Islamic banking products and services to individuals and corporates. It operates through four segments: Corporate Banking, Consumer Banking, Asset and Wealth Management, and International Banking. The company offers personal banking products and services, such as current, savings, fixed deposit, and call-notice deposit accounts; personal, vehicle, vehicle lease, and mortgage loans; life, salary continuation, critical illness, motor, mortgage, and travel insurance products; life insurance saving and investment products; asset management services; and payment, mobile, Internet, ATM, ITM, SMS, and USSD banking services. It also provides business banking products and services, including current, call, fixed deposit, and non-resident accounts; working capital, project, and vehicle loans; structured and project finance; transaction banking services; and credit cards. In addition, the company offers ATM, investment and advisory, assets management, and brokerage and custody services. It operates in Qatar, Europe, North America, other GCC countries, and internationally. The company was formerly known as Qatar National Bank S.A.Q. and changed its name to Qatar National Bank (Q.P.S.C.) in January 2016. The company was incorporated in 1964 and is headquartered in Doha, Qatar.
Metrics to compare | QNBK | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipQNBKPeersSector | |
---|---|---|---|---|
P/E Ratio | 10.4x | 10.6x | 8.7x | |
PEG Ratio | 1.32 | 0.32 | 0.03 | |
Price/Book | 1.4x | 1.0x | 1.0x | |
Price / LTM Sales | 5.1x | 3.1x | 2.8x | |
Upside (Analyst Target) | 16.7% | 7.5% | 10.4% | |
Fair Value Upside | Unlock | 2.4% | 2.7% | Unlock |