Qatar National Bank SWIFT Code: QNBAQAQA

Qatar National Bank SWIFT Code: QNBAQAQA

The SWIFT/BIC code for Qatar National Bank is QNBAQAQA. QNBA identifies QNB, QA stands for Qatar, and QA is the Doha location code. This code covers international wire transfers to QNB accounts in Qatar.

QNB is the largest bank in the Middle East and Africa by assets (over $350 billion) and the 50% government-owned national bank of Qatar. It operates in more than 30 countries, with a particularly strong presence in Turkey (via Finansbank), Egypt, and across Southeast Asia.

QAR Transfers and Qatari Banking

The Qatari riyal (QAR) is pegged to the US dollar at a fixed rate of QAR 3.64 per USD. This peg means there is no currency risk on USD-QAR conversions, and transfers between USD and QAR settle at a predictable rate plus a small spread.

International wires to QNB in QAR or USD typically settle within 1 business day. QNB processes a large volume of energy-sector payments, as Qatar is the world's largest LNG exporter and QNB serves as a primary banking partner for Qatar Petroleum (now QatarEnergy).

QNB's Pan-African and Turkish Operations

QNB expanded aggressively outside Qatar, acquiring Finansbank in Turkey and Société Générale's Egyptian operations. Each subsidiary uses a different SWIFT code — QNBAQAQA is specifically for QNB's Qatari operations.

For businesses operating across the Middle East and Africa, QNB acts as a correspondent bank for QAR and USD transfers into the Gulf region. The bank's trade finance services handle letters of credit for LNG, petrochemical, and construction sector payments.

How Slash fits in

Slash monitors international payment flows across Gulf and Middle Eastern banking relationships. Wires through QNB are tracked in real time, with automatic categorization and reconciliation for energy, construction, and trade-related payments.