Al Khaliji Reports a Net Profit of QAR 454 Million for Q3, 2017
- Net Operating Income reached QAR 932 million, up 7% compared to the same period in 2016
- Operating expenses were QAR 255 million, 5% lower than the same period in 2016
- Net profit of QAR 454 million, an increase of 7% compared to the same period last year
- Customer Deposits grew by 8% year on year to QAR 32.2 billion
- Net Profit of QAR 454 million compared to QAR 425 million for the same period in 2016. Our Qatari operations continue to remain the main contributor
- Net operating income of QAR 932 million, an increase of 7% compared to last year
- Net Interest Income of QAR 751 million, an increase of 12% year on year
- Impairment charges of QAR 220 million, reflective of continued conservative provisioning
- Earnings per share of QAR 1.26, up 7% compared to the same period last year
- Total assets at QAR 57.9 billion, with a strong and liquid balance sheet
- Net loans and advances at QAR 35.95 billion an increase of 2% on Q2 2017 as we continue to remain cautiously selective of sectors we lend.
- Deposits at QAR 32.2 billion were up 8% compared to September 30, 2016
- Our liquidity position remains strong with 28% of our balance sheet comprising of cash and investment securities and our Liquidity Coverage Ratio (LCR) significantly higher than minimum regulatory requirements
Balance Sheet indicators (QAR million) | Q3, 2017 | Q3, 2016 |
Net loans and advances to customers | 35,947 | 36,281 |
Investment securities | 14,410 | 15,654 |
Total assets | 57,988 | 58,526 |
Customers' deposits | 32,207 | 29,836 |
Total equity | 7,249 | 7,07 |
Income statement (QAR million) | Q3, 2017 | Q3, 2016 |
Net operating income | 932 | 872 |
Operating expenses | 255 | 268 |
Net profit | 454 | 425 |
Earnings per share | 1.26 | 1.18 |
Group ratios | Q3, 2017 | Q3, 2016 |
Efficiency (%) | ||
Cost : Income | 27.4 | 30.7 |
Loan Quality | ||
Non-Performing loans (QAR million) | 647.5 | 453.1 |
NPL ratio (%) | 1.76% | 1.23% |
Coverage Ratio | 124.5% | 94.0% |
Capital Management (%) | ||
Capital adequacy ratio (CAR) | 16.4 | 15.8 |
Home >> Banking & Investments Section
Hamad International Airport Recognised as the “World's Best Airport” at the 2024 ...
Msheireb Properties Unveils Prestigious Msheireb Award for Innovation in Design ...
Khabib's Official Training Gloves Will Be Sold at Tooba Charity Auction in Dubai
Four Seasons Resort and Residences at The Pearl-Qatar Collaborates with Renowned ...
GWC Introduces Vision Picking Technology in Qatar
Qatar Airways announces following airport and airspace reopening
Mansour bin Mohammed congratulates Hamdan bin Mohammed on the Qatar-UAE Super Sh ...
DHL Express Qatar Named Logistics Partner for the Autonomous e-Mobility (AEMOB) ...
Watches & Wonders 2024 Unico: Hublot's Manufacture Calibre
Dukhan Bank announces the April draw winners of its Thara'a savings account priz ...
Bremont introduces a new generation of its Supermarine diving watch series
Ooredoo Group Highlights Impactful Ramadan Initiatives Across Operations
Luxuriate and Rejuvenate this Eid Al Fitr at Mondrian Doha
GWC Spreads the Spirit of Ramadan through Community Initiatives
Hamad International Airport Further Expands into Southeast Asia with Garuda Indo ...
Elevate Eid Celebrations with Coya's Culinary Extravaganza
Qatar celebrates Eid Al Fitr with an array of festivities, concerts, and Disney ...
Make your Vishukkani last forever Tanishq Launches Exclusive Vishu Collection
Calling all super fans! The PJ Masks are coming to town this Eid! Join them at ...
WCM-Q students publish comprehensive research into microbiome-based diabetes the ...