Arab Today, arab today alkhaliji bank achieves 2588m net profit
Last Updated : GMT 07:57:35
Arab Today, arab today
Arab Today, arab today

Al-Khaliji Bank achieves 258.8m net profit

Arab Today, arab today

Arab Today, arab today Al-Khaliji Bank achieves 258.8m net profit

Al-Khaliji Bank
Doha - QNA

Al Khaliji Bank announced its financial results for the second quarter of 2014, reporting a Net Profit of QR149.6 million. This represents an increase of 37% over its financial results for the first quarter. Profit for the first six months, at QR 258.8 Million, reflects a continued growth in the core banking franchise.
Al Khaliji France S.A.’s net profit was at QR31.6 million in H1 2014 and represents 12% of the Group net income, Al-Khaliji Bank said in a press release.
Al Khaliji Group Chief Executive Officer Robin McCall stated: "The momentum of the bank’s commercial franchise continues to thrive, with each Qatar business division displaying solid year on year growth in headline earnings. The ability to realize capital gains from our fixed income portfolio, which formed an important revenue component in past years, is muted and will be progressively replaced by an ongoing increase in business market share".
Net Profit for the second quarter of 2014 is QR 149.6 million compared to QR 159.0 million for the second quarter of 2013. Net Profit for the first six month of this year is QR 258.8 million compared to QR 290.5 million for the same period in 2013.
For the 6 months ended June 2014, net interest income increased by 19%, to QR 364.5 million compared with the same period in 2013. Net fee and commission income increased in the same period to reach QR 82.3 million compared to QR 81.8 in the first six month of 2013.
Total assets reached QR 48.4 billion in the first half of 2014, up 48% from H1 2013 and up 17% from the period ending December 2013. Al khaliji France S.A.’s assets represented 9% of the group's total assets.
Loans and advances grew by 59% compared to same period in 2013 to reach QR 23.7 billion, and is 15% higher than the period ending December 2013.
Customer deposits grew to QR 25.3 billion, up 36% compared to the first half of 2013 and up 27% from the fourth quarter of 2013. Earnings per share were QR 0.72 for the first six months of this year. The bank’s capital adequacy ratio was 17.9% as per Basel III.
Non-performing loans stood at QR 58.7 million at the end of June 2014, down 16% from end of December 2013. The NPL ratio, at 0.25%, continues to be one of the lowest in the market.
Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing Director said: "The robust financial performance, and Balance Sheet growth, is a clear endorsement of our medium term strategic goals to strengthen and synergize our core business units and provide a strong service proposition to our preferred clients. This sends a clear message to the market that the bank has matured as an organization and is wholly capable of delivering long term sustainable shareholder value".

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today alkhaliji bank achieves 2588m net profit Arab Today, arab today alkhaliji bank achieves 2588m net profit

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday