Qatar National Bank ’s Ratings Affirmed with a Stable Outlook

Ref: QA00 6 21 CRA00- 0 1 5 April 20 2 2

Qatar National Bank ’s Ratings Affirmed with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating ( LT FCR) and Short-Term Foreign Currency Rating ( ST FCR) of Qatar National ( Q N B ) at ‘A A- ’ and ‘A1 + ’ , respectively. At the same time, CI Ratings has affirmed Q N B ’s B ank S tandalone Rating (BS R ) of ‘ a- ’ , Core Financial Strength (CFS) rating of ‘ a- ’ and Extraordinary Support Level (ESL) of Very High. The Outlook for the LT FCR and BSR remains Stable.

The Bank’s LT FCR is set three notches above the BSR to reflect the very high likelihood of extraordinary support from the government in case of need. This is based on the government’s strong track record of support for Qatari banks. At different points in time such support has…