Ahlibank has announced a net profit of QR180.4mn for the first three months of 2020, an increase of 1.7%, or QR2.9mn, over the same period last year.
On the results, Ahlibank chairman and managing director Sheikh Faisal bin AbdulAziz bin Jassem al-Thani, 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.”
Sheikh Faisal 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 the Qatar Central Bank for the esteemed guidance and support.”
Ahlibank chairman and managing director Sheikh Faisal bin AbdulAziz bin Jassem al-Thani says the bank’s u201cFortress Balance Sheet strategyu201d is working very well
