Arab Today, arab today al khaliji bank\s h1 net profit up to qr 249 million
Last Updated : GMT 06:53:52
Arab Today, arab today
Arab Today, arab today

Al Khaliji bank\'s H1 net profit up to QR 249 million

Arab Today, arab today

Arab Today, arab today Al Khaliji bank\'s H1 net profit up to QR 249 million

Doha - QNA

Al Khalij Commercial Bank (al khaliji) half year results show an increase in net profit up to QR 249 Million for the period ending June 30, up 122% from QR 112Million for the same period in 2010, according to the bank. The second quarter net profit reached 130 million, up 141% compared to Q2 of 2010.The net interest margin increased to 3.3% as of June 30 compared to 2.8% for the same period in 2010. Net interest income, at QR 300 Million, is 59% higher than the 188 Million in 2010, as interest expense decreased by 36% and interest income increased by 15%. The net operating income reached QR 497 Million on June 30, up 55% compared to the corresponding period in 2010, when it reached QR 321 Million. The improvement in the cost to income ratio continued and is at 38% compared to 58% on June 30. Al khaliji Chairman and Managing Director Sheikh Hamad bin Faisal bin Thani Al Thani said, \"We are very satisfied with the results achieved in the first half of 2011: al khaliji continued its impressive growth and realized strong benefits in spite of the regional uncertainty.\" \"In addition to achieving profits across wholesale, business banking, premium, and international businesses, we have increased productivity, improved efficiencies, and maintained our prudent approach to risk management.\" The bank\'\'s Earnings per share (EPS) increased to QR 0.69, 2.2 times H1 2010’s EPS. Return on average shareholder equity is 11% and return on average assets is 2.6 percent, compared respectively to 4.8% and 1.3% at 30 June 2010. The capital adequacy ratio is at 24% on June 30, confirming the group’s financial strength. Loans and advances increased by 17% since the beginning of the year, and reached QR 8.46 Billion on June 30. The results reflect the success of al khaliji’s wholesale led strategy – central to which is the Bank’s focus on supporting its preferred customers in Qatar, the UAE, and France, the bank said. The operation in Qatar\'\'s conventional banking activities contributed to 85% of the net operating income while Al Khaliji France S.A., the wholly owned subsidiary headquartered in Paris, France and present in four emirates in the UAE, contributed 14%. 

arabstoday
arabstoday

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 al khaliji bank\s h1 net profit up to qr 249 million Arab Today, arab today al khaliji bank\s h1 net profit up to qr 249 million

 



Arab Today, arab today

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 al khaliji bank\s h1 net profit up to qr 249 million Arab Today, arab today al khaliji bank\s h1 net profit up to qr 249 million

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
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