Ahlibank earns net profit of QR186.6mn in first quarter
April 19 2021 11:57 PM
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Ahlibank head office in Doha.
Ahlibank head office in Doha.

Ahlibank announced a net profit of QR186.6mn for the first three months of 2021 (Q1), an increase of 3.4% over the same period last year.
Ahlibank chairman and managing director Sheikh Faisal bin AbdulAziz bin Jassem al-Thani stated, “Ahlibank’s first quarter results of 2021 has once again demonstrated that we are very well prepared to manage unprecedented situations caused by the Covid-19 pandemic. We continue to maintain high levels of stable and long term funding and strong capital levels”.
The chairman 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.”
Commenting on the results, Ahlibank CEO Hassan Ahmed AlEfrangi said: “Ahlibank achieved steady results with strong operating performance. The bank successfully completed the Issuance of $300mn Additional Tier 1 Capital in the international markets at a competitive coupon of 4%. This is a vote of confidence from international investors not only for Ahlibank but for also for Qatar. The competitive coupon rate was supplemented by a healthy geographical spilt of international investors.”
AlEfrangi said, “The bank continues to take appropriate measures to protect the health and safety of all our customers and employees, while maintaining the highest standards of service levels and encouraging customers to use alternative digital channels to complete their banking services.”
AlEfrangi added: “Ahlibank is focused on business development and technology and delivering an excellent customer experience with quality products and services. Furthermore, the bank’s focus on Qatarisation remains a top priority and will continue to be in line with Qatar National Vision 2030.”
 
 



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