Ahlibank’s Net Profit QR 180 million for the first quarter of 2020
20 April 2020
Doha, 20 April, 2020 - Ahli Bank QPSC (ABQK) announced a net profit of QR180.4 million for the first three months of 2020, an increase of 1.7% or QR 2.9 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: “Our first quarter earnings is a testimony to the fact that our Fortress Balance Sheet strategy is working very well. All key metrics like Capital, Liquidity and Asset Quality demonstrate our strength and prepare us very well to deal with unprecedented situation caused by the global pandemic COVID-19”. We also maintained high levels of stable and long term funding and strong capital levels with the Bank’s Capital Adequacy Ratio standing above 17% as of March 2020. In response to the COVID-19 pandemic, the Bank immediately committed to take all preventive measures to protect the health and safety of all our customers and employees, while maintaining the best customer service levels and encouraging customers to use alternative digital channels to complete their banking services from the comfort and safety of their home.”
The
Chairman further added, “We take this opportunity to thank our customers for their continuous loyalty towards Ahlibank, shareholders for their ongoing commitment, management and staff for all their dedication and Qatar Central Bank for their esteemed guidance and support.”