Dukhan Bank has reported a 47% year-on-year jump in net profit to QR392mn in the first quarter (Q1) of this year.
During the three months, the bank's total assets exceeded QR108bn and the total financing assets rose to QR75bn, while customer deposits reached QR72bn.
Total income increased by more than 12% year-on-year to QR1.1bn.
The lender's cost-to-income ratio decreased to 23.7% from 26.2% during the same period last year, due to income growth and reduction in costs, which led to higher operational efficiency.
Total shareholders’ equity exceeded QR14bn, and the capital adequacy ratio stands at 18.3% in accordance with the Basel III requirements, higher than minimum supervisory ratio as specified by the Qatar Central Bank and guidelines of the Basel Committee.
Dukhan Bank continued to enhance its portfolio of digital banking services, as the Q1, 2022 witnessed the unveiling of innovative digital products that keep pace with the aspirations of corporate and individual customers and meet their modern needs. Dukhan Bank launched the new smart payment service D-Tap, a digital point of sale with a personal identification number “PIN” for companies, as one of the low-cost payment solutions that make it easier for merchants to receive payments using a variety of bank cards and devices that support contactless payment technology.
It also launched a range of corporate credit cards to enable companies, businesses and small and medium enterprises to effectively manage their expenses, payments and cash flows.
To celebrate the FIFA World Cup Qatar 2022, which will be held for the first time in the Middle East, Dukhan Bank, in partnership with Visa, launched a special edition of Visa Platinum and Visa Signature credit cards, as part of its continuous efforts to reward its customers with a wide range of rewards and benefits before, during and after the tournament.
The bank also unveiled the “Multi Currency MasterCard Prepaid Card”, co-branded with Qatar Airways, to enable customers to complete their payments remotely in five different currencies through one bank card: the riyal, dollar, euro, pound and lira.
During the three months, the bank's total assets exceeded QR108bn and the total financing assets rose to QR75bn, while customer deposits reached QR72bn.
Total income increased by more than 12% year-on-year to QR1.1bn.
The lender's cost-to-income ratio decreased to 23.7% from 26.2% during the same period last year, due to income growth and reduction in costs, which led to higher operational efficiency.
Total shareholders’ equity exceeded QR14bn, and the capital adequacy ratio stands at 18.3% in accordance with the Basel III requirements, higher than minimum supervisory ratio as specified by the Qatar Central Bank and guidelines of the Basel Committee.
Dukhan Bank continued to enhance its portfolio of digital banking services, as the Q1, 2022 witnessed the unveiling of innovative digital products that keep pace with the aspirations of corporate and individual customers and meet their modern needs. Dukhan Bank launched the new smart payment service D-Tap, a digital point of sale with a personal identification number “PIN” for companies, as one of the low-cost payment solutions that make it easier for merchants to receive payments using a variety of bank cards and devices that support contactless payment technology.
It also launched a range of corporate credit cards to enable companies, businesses and small and medium enterprises to effectively manage their expenses, payments and cash flows.
To celebrate the FIFA World Cup Qatar 2022, which will be held for the first time in the Middle East, Dukhan Bank, in partnership with Visa, launched a special edition of Visa Platinum and Visa Signature credit cards, as part of its continuous efforts to reward its customers with a wide range of rewards and benefits before, during and after the tournament.
The bank also unveiled the “Multi Currency MasterCard Prepaid Card”, co-branded with Qatar Airways, to enable customers to complete their payments remotely in five different currencies through one bank card: the riyal, dollar, euro, pound and lira.
