Ahli bank’s Net Profit QR 359 million for the first half of 2019
18 July 2019
Doha, 18 July, 2019 Ahli Bank (QPSC) (the “Bank”) announced a net profit of QR 359.3 million for the Half year ended June 2019, an increase of 1.7% or QR 6 million over the same period of the year 2018.
Commenting on the results, Sheikh Faisal Bin AbdulAziz Bin Jassem Al-Thani, Chairman and Managing Director of Ahlibank stated, “We are pleased with our performance in the first half, particularly the momentum we saw in overall business growth and deposit growth in particular. The Bank is well capitalized and has a strong liquidity position. These results highlight the Bank’s ability to deliver long-term sustainable results for our shareholders”. The Bank continues to enjoy favorable ratings from the top international credit rating agencies.”
The Chairman added, “I would like to thank everyone who has contributed to these good results. I also extend my thanks to Qatar Central Bank for their leadership, guidance and continuous support.”