QIIB net profit rises 3.92% to QR212m in Q1

Qatar International Islamic Bank (QIIB) Tuesday said its net profit for the first quarter period ended March 31 increased 3.92% to QR 212 Million compared to QR 2014 Million for the same period in 2014.

The bank's Earnings per Share increased to QR 1.4 from QR 1.35 in 2014.

QIIB Chairman and Managing Director Dr. Khalid Bin Thani Bin Abdullah Al-Thani said all key indicators show growth in the first quarter results, including an increase in the bank's customer base.

The banks total assets in the first quarter grew to QR 37 Billion from QR 34 Billion in 2014. The volume of financing grew to QR 23.2 Billion, up 16.6% compared to QR 19.9 Billion in 2014.

QIIB's capital adequacy reached 18.49% as per the new Basel III standards, the bank said.