Masraf Al Rayan has reported a net profit of QR2.03bn in 2017 and recommended a 20% cash dividend for shareholders.
Total assets grew 12.5% year-on-year to QR102.95bn. Financing expanded 7% to QR72.1bn, while investments reached QR23.94bn at the end of December 31, 2017.
Customers’ deposits increased 8% to QR62.53bn. Shareholders’ equity rose 4% to QR13.19bn.
The bank’s return on average assets was 2.09%, which continues to be one of the highest in the market, its spokesman said, adding the return on average shareholders’ equity, before distribution, reached 15.66%.
The lender’s capital adequacy ratio stood at 19.32%, which is higher than the levels mandated by the Qatar Central Bank and the Basel Committee.
Indicating higher operating efficiency, the cost-to-income ratio stood at 21.27%, which continues to be one of the best in the region, the spokesman said.
The bank’s non-performing financing stood at 0.5%, reflecting a very strong and prudent credit risk management policies and procedures.
Dr Hussain al-Abdulla, chairman and managing director of Masraf Al Rayan, said the results were the fruits of the strategy adopted by the board of directors and the action plan regarding the protection of capital and asset quality, maintaining advanced levels of operational efficiency among banks, preserving low ratio of non-performing financing and enhancing the value added for shareholders, customers and other stakeholders.
“The profits of Masraf Al Rayan realised from its banking operations also exceeded those achieved in the same period last year by 15.8%,” according to Adel Mustafawi, group chief 
executive.