Al Khaliji Reports a Net Profit of Qar 683 Million, +5.7% Growth Year on Year
Balance Sheet - QAR million |
FY 2020 |
FY 2019 |
Total Assets |
56,493 |
53,768 |
Net Loans & Advances |
33,905 |
30,817 |
Deposits |
30,761 |
29,191 |
Total Equity |
7,521 |
7,003 |
Non-Performing Loans (%) |
1.71% |
1.86% |
NPL Coverage Ratio (%) |
107% |
131% |
Capital Adequacy Ratio (%) |
19.4% |
19.1% |
Income Statement - QAR million |
FY 2020 |
FY 2019 |
Change |
Revenue |
1,433 |
1,178 |
21.6% |
Expenses |
370 |
329 |
12.4% |
Net Impairment Charges |
365 |
176 |
106.9% |
Net Profit |
683 |
646 |
5.7% |
Cost Income Ratio |
25.8% |
27.9% |
-7.6% |
Earnings Per Share (QAR) |
0.17 |
0.16 |
6.2% |
Rating |
Fitch A / Stable |
||
Moody’s A3 / Stable |
Cash Dividend
After reviewing the audited financials today, the Board was satisfied with the 2020 financial performance and has recommended (subject to QCB approval) to the Annual General Assembly the distribution of a cash dividend of 5.6% of the nominal share value, i.e. QAR 0.056 per share.
His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani concluded by saying:
“We extend our deepest gratitude to the Government of Qatar, the Qatar Central Bank and the Ministry of Commerce and Industry for their on-going support and invaluable role in guiding and assisting Qatari financial institutions and local business in their progress towards success.”
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