Arab Today, arab today qiib h1 net profit up 10 to qr402m
Last Updated : GMT 18:46:58
Arab Today, arab today
Arab Today, arab today

QIIB H1 net profit up 10% to QR402m

Arab Today, arab today

Arab Today, arab today QIIB H1 net profit up 10% to QR402m

Sheikh Dr Khalid bin Thani al-Thani
Doha - QNA

Qatar International Islamic Bank (QIIB) net profit for the period ended June 30 is up by 9.96 percent to QR 402 million compared to QR 365.57 million reported for the same period in 2013.
The bank's first half Earning per Share (EPS) amounted to QR 2.66 compared to QR 2.42 for the corresponding period in 2013.
The bank's total assets were up 14.9 percent to QR 36.1 billion compared to QR 31.4 billion at the end same period in 2013. Total deposits increased 22.5 percent to QR 25.9 billion in June this year compared to QR 21.1 billion in 2013.
QIIB's capital adequacy ratio as per Basel II norm was 17.85 percent.
Commenting on the QIIB's performance Chairman and Managing Director Sheikh Dr. Khalid bin Thani Al-Thani said, "These results show QIIB has achieved excellent growth rates consolidated its position.
"We are moving steadily towards further progress and profitability and formulating a vision for advanced banking, based on many years of hard work and great efforts. These have resulted in a broad base of customers who have put their trust in our bank. Clearly, this is a measure of confidence over our outstanding results and innovative products and services." QIIB finances various projects, particularly companies from the Small and Medium Enterprises (SME) sector, the chairman said and added, the "bank will scale up its activities for higher rates of growth".
QIIB's CEO Abdul Basit Al Shaibei said, "In the first half of this year, we have made substantial efforts that are evident in our balance sheet. These results confirm our status and that the bank continues to grow well. We are quite optimistic about achieving better results, in view of the business-friendly environment in Qatar, which provides great opportunities." Earlier this year, international rating agency Fitch raised QIIB's Long-term Issuer Default Ratings (IDR) to 'A' from 'A-' with a stable outlook, while Moody's affirmed the bank's A3 ratings with the outlook upgrade to 'Positive' from 'Stable'.

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 qiib h1 net profit up 10 to qr402m Arab Today, arab today qiib h1 net profit up 10 to qr402m

 



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 qiib h1 net profit up 10 to qr402m Arab Today, arab today qiib h1 net profit up 10 to qr402m

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Sheraton Grand Hotel reveals its deals

GMT 12:20 2017 Monday ,25 September

Sheraton Grand Hotel reveals its deals
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq Kurds in historic independence vote

GMT 15:20 2017 Monday ,25 September

Iraq Kurds in historic independence vote
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 11:11 2017 Sunday ,24 September

The dark side of new tourism hope

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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