QNB Bank A.S. – Ratings Affirmed

5 December 2025

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 QNB Bank A.S. (QNBB or the Bank) at ‘BB-’ and ‘B’, respectively. At the same time, CI Ratings has affirmed QNBB’s Bank Standalone Rating (BSR) of ‘b+’, Core Financial Strength (CFS) rating of ‘bb-’ and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR remains Stable.

The affirmation of the ratings is based on the Bank’s resilient financial performance despite some weakening of asset quality metrics. The BSR and CFS rating are supported by the Bank’s solid and well-established franchise as Türkiye’s ninth-largest bank, coupled with its focus on higher-margin banking services to selected corporates and SMEs, complemented by ancillary offerings such as payment services, insurance and export guarantees. The resilience of the…