Ahlibank’s Net Profit QR 177.5 million for the first quarter of 2019
17 April 2019
Ahli Bank (QPSC) (ABQK) announced a net profit of QR 177.5 million for the first three months of 2019, an increase of 0.8% or QR 1.3 million over the same period last year.
Commenting on the results,
Sheikh Faisal Bin AbdulAziz Bin Jassem Al-Thani, Chairman and Managing Director of Ahlibank stated, “I am pleased to announce that the Bank started the year 2019 with a profit growth and steady performance across the board. The Bank is well capitalised with a capital adequacy ratio of 18%, which is well above the regulatory requirements. Ahlibank continues to enjoy favourable Ratings from the top international Credit Rating agencies. During the first quarter, the Bank made significant progress in gathering customer deposits and liquidity. Loans and advances also grew steadily to add strength to our relentless focus on adding value to our shareholders on a sustainable basis.”
The Chairman added, “I would like to thank everyone who has contributed to these good results. I also want to thank Qatar Central Bank for their leadership, guidance and support.”