Ahlibank has reported a net profit of QR177.5mn for the first three months of 2019, an increase of 0.8% or QR1.3mn over the same period last year.
Commenting on the results, Sheikh Faisal bin AbdulAziz bin Jassem al-Thani, chairman and managing director of Ahlibank, said: “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.”
He added: “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. I would like to thank everyone who has contributed to these good results. I also want to thank the Qatar Central Bank for their leadership, guidance, and support.”
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Qatar financial resources to remain strong, public finances solid: Euler Hermes
Strong Wall St, fresh hopes for trade talks boost Asian markets
Morgan Stanley forfeits role in WeWork IPO after losing lead
US assures support to American tech companies in India in letter
Cathay remains under lens as CEO takes fall for protests
Google, Facebook unite with Trump to protest against French tech tax
Trump says US is talking with China but not ready for a deal
Robust private sector credit offtake boosts Qatar bank assets