News / Press Releases

Ahlibank’s Net Profit QR 518.2 million for the nine months ending September of 2017

18 October 2017
Ahli Bank QSC (ABQK) is pleased to announce a net profit of QR 518.2 million for the first nine months of 2017, an increase of 2.92% over the corresponding period of 2016.
Summary Financial Highlights:
  • The Bank’s Balance Sheet grew by 8.2% over September 2016 to QR 38,205 million, driven mainly by growth in Loans and Advances and increase in investment securities.
  • Total Customer Deposits increased by 6.0% as against September 2016 to QR 22,616 million.
  • Total Operating Income increased by 7.4% to QR 777.7 million on account of higher Net Interest Income as higher loan balances and asset re-pricing more than offset the increased funding cost.
  • Cost to Income Ratio improved to 28.6% during the first nine months of 2017 over 30.2% in the corresponding period of 2016, as income growth outpaced cost growth reflecting efficient management of cost and revenue drivers.
  • The Return on Average Assets (ROAA) and Return on Average Equity (ROAE) stood solid at 1.82% and 13.9% respectively, despite an increase in balance sheet size and equity base.
  • Non-Performing Loans Ratio (NPL) stood at 0.98% with a Provision Coverage of 131.1% indicating sound asset quality and conservative provisioning.

Commenting on the results, Sheikh Faisal Bin AbdulAziz Bin Jassem Al-Thani, Chairman and Managing Director of Ahlibank stated, “Amid challenging market conditions Ahlibank delivered yet another resilient and stable financial performance. The Bank posted 7.4% growth in core operating income and 2.92% growth in net profit. The Bank’s funding profile remained strong with stable funding as a percentage to total liabilities improving to 18.3% vis-à-vis 12.9% in September 2016. Growth in Stable Funding was driven mainly by the Bank’s successful completion of US$ 500 million EMTN Tranche II in international debt capital markets in Q1 2017”.

The Chairman further added: “Ahlibank maintained strong capital with a Capital Adequacy Ratio above 15% and a Net Stable Funding Ratio (NSFR) well above the statutory minimum of 90%. Our results highlight the strength and ability of the Bank to deliver the business plan and underlying initiatives, despite a difficult market environment. Also, we take this opportunity to thank the Qatar Central Bank for their valued leadership and support”.

Customer Support

Mobile Banking App

Bank on the go. Download for iPhone® or iPad® from the App Store or for Android
smartphones or tablets from the Google Play Store.

It lets you manage your personal accounts easily and securely from your mobile device.