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.