All NewsEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

Qatar National Bank writes off $1.8bn in Q2

Created at 31 Jul · 3:41 AM1 source↑ Market-relevant
IN SHORT

Qatar National Bank reported its largest quarterly loan write-offs since at least 2018, totaling 6.6 billion riyals ($1.8 billion) in the second quarter. This figure represents a significant increase from the first quarter and surpasses the previous record.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

$1.8 billionQ2 loan write-offs by Qatar National Bank
6.6 billion riyalsQ2 loan write-offs by Qatar National Bank
41 timesincrease in write-offs from Q1 to Q2
159 million riyalsQ1 loan write-offs by Qatar National Bank
5.4 billion riyalsprevious quarterly record for write-offs

Who's Involved

Qatar National Bank
reported $1.8 billion in loan write-offs for Q2

↳ Why This Matters

The substantial increase in loan write-offs by Qatar National Bank indicates potential stress in its loan portfolio and could signal broader economic challenges affecting borrowers, impacting the bank's profitability and financial health.

Key facts

  • Qatar National Bank wrote off 6.6 billion riyals ($1.8 billion) in loans and advances in the second quarter.
  • This is the largest quarterly write-off total for the bank since at least 2018.
  • The Q2 write-offs were significantly higher than the 159 million riyals recorded in the first quarter.
  • The previous record for quarterly write-offs was 5.4 billion riyals, set in the final quarter of 2025.

Qatar National Bank (QNB) reported a significant increase in loan write-offs for the second quarter, reaching 6.6 billion riyals, equivalent to $1.8 billion. This figure marks the largest quarterly total for the bank since at least 2018. The amount written off in the second quarter was more than 41 times the 159 million riyals recorded in the first quarter. This surge also surpassed the previous record of 5.4 billion riyals, which was set in the final three months of 2025.

Frequently asked questions

Qatar National Bank wrote off 6.6 billion riyals, which is equivalent to $1.8 billion, in the second quarter.

This is the largest quarterly write-off total for QNB since at least 2018. It was more than 41 times the amount written off in Q1 and surpassed the previous record from Q4 2025.

A large increase in loan write-offs can indicate increased credit risk and potential financial strain on the bank's customers, which could affect its profitability and financial stability.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence
CME Headlines
  • CME Globex Notice: July 27, 2026
    30 Jul · 1:58 PM
  • CME STP Notice: July 27, 2026
    30 Jul · 1:00 PM
  • Nasdaq-100 futures fall into correction territory as the Fed holds rates.
    29 Jul · 8:11 PM

How It Developed

Qatar National Bank wrote off 6.6 billion riyals ($1.8 billion) in loans and advances in Q2.
This quarterly total is the largest since at least 2018.
The Q2 write-offs were more than 41 times the 159 million riyals written off in Q1.
The Q2 amount surpassed the previous record of 5.4 billion riyals from Q4 2025.

Sources

T1
Qatar National Bank write-offs hit $1.8bn in Q2Risk.net

Related Stories

Freddie Mac reports $3.8B Q2 net income, up 61% year-over-year
30 Jul · 1:56 PM
Lloyds beats profit target, plans further cost cuts
30 Jul · 6:32 AM
Strategy reports $8.2 billion Q2 loss on bitcoin price decline
30 Jul · 8:36 PM
Blue Owl Profit Rises on Fee Earnings, AUM Hits $319B Amid Credit Outflows
30 Jul · 11:08 AM
KKR Profit Surges on Strong Dealmaking and Asset Growth
30 Jul · 11:00 AM