The Commercial Bank (Q.S.C.) Financial Results for the Half Year Ended 30 June 2015
|
|
- Percival Booth
- 6 years ago
- Views:
Transcription
1 The Commercial Bank (Q.S.C.) Financial Results for the Half Year Ended 30 June 2015 The Commercial Bank increases quarterly profit by 17% to QAR 589 million 14 July 2015, Doha, Qatar: The Commercial Bank Q.S.C. ( Commercial Bank or the Bank ) and its subsidiaries and associates announced today its financial results for six months to 30 June The Bank delivered a net profit of QAR 589 million for the second quarter 2015 an increase of 17.3% compared to the second quarter 2014, and a 27% increase compared to the first quarter The Bank reported a net profit of QAR 1,052 million for the first half of 2015 as compared to QAR 1,051 million for the same period in Key financial highlights compared to the same period in 2014 Net operating income up 4% to QAR 2,075 million Net profit of QAR 1,052 million Total assets up 6% to QAR billion Customer loans and advances up by 4.6% to QAR 72.6 billion Customers deposits up 7% to QAR 64.1 billion Earnings per share of QAR 2.95 His Excellency Sheikh Abdullah bin Ali bin Jabor Al Thani, Chairman of the Board of Directors of Commercial Bank said, The Qatar economy continues to show strong growth momentum in Our non-oil sector continues to grow, stimulated by the construction, tourism and hospitality sectors and we see this continuing to grow with increased investment and spending by the Government. The Commercial Bank s performance over the first half of 2015 gives us confidence for our full year performance. Financial Performance Mr. Hussain Al Fardan, Commercial Bank s Vice Chairman and Managing Director added, Commercial Bank has built a solid foundation during the first half of 2015 with the second quarter results showing good consistency despite the increasing levels of competition in our markets and the impact of the
2 Turkish Lira on our reported results. Commercial Bank delivered a strong performance this quarter, supported by an increasingly strong economy and our Associates continued to play an important role, delivering a 18% increase in quarterly profit growth. This has enabled Commercial Bank to deliver a 27% increase in net profit of QAR 589 million compared with the first quarter of Net operating income increased by 4% to QAR 2,075 million for the half-year ended 30 June 2015, up from QAR 1,995 million achieved in the same period in Net interest income was QAR 1,252 million for the half-year ended 30 June 2015, 1.6% lower than the same period of 2014, mainly due to a reduction in asset yields at AlternatifBank ( ABank ). Net interest margin decreased marginally to 2.52% as compared to the first quarter of 2015 at 2.59%. Non-interest income was up by 14% to QAR 822 million for the half-year ended 30 June 2015 compared with QAR 722 million. The overall increase in non-interest income was due to higher net fee and commission income, higher foreign exchange gains and profit on sale of certain properties, which was partially offset by lower income from investments securities. Total operating expenses were down by 0.6% at QAR 823 million for the half-year ended 30 June 2015 compared with QAR 828 million for the same period in The Bank s net provisions for loans and advances were QAR 376 million for the half-year ended 30 June 2015 up 46% from QAR 257 million for the same period in Consequent to the settlement of a large real estate non performing loan (NPL), the NPL ratio has reduced to 3.40% at 30 June 2015 compared with 4.12% at the end of June 2014 and the coverage ratio increased to 86.7% as at 30 June 2015 compared to 63.1% as at 30 June Impairment provisions on the Bank s investment portfolio reduced to QAR 12 million for the half-year ended 30 June 2015 compared with QAR 29 million for the same period in Commercial Bank delivered balance sheet growth of 6% at the end of June 2015 with total assets at QAR billion, compared to QAR billion at the end of June Balance sheet growth was driven mainly by an increase of QAR 3.2 billion in lending to customers.
3 Loans and advances to customers were up by 4.6% to QAR 72.6 billion at 30 June 2015 compared with QAR 69.4 billion at the end of June The growth in lending has been generated, mainly, in the Commercial, Services, Contracting and Consumption Sectors. Investment securities remained largely stable when compared to June 2014 and is up 28% to QAR 14.9 billion as at 30 June 2015 compared with QAR 11.6 billion at the end of December The increase is mainly in Treasury bills issued by the Central Bank. Customers deposits increased by 7% to QAR 64.1 billion at 30 June 2015, compared with QAR 59.8 billion as at 30 June The increase was mainly in time deposits to ensure maintenance of regulatory ratios. Mr. Abdulla Saleh Al Raisi, Commercial Bank s Chief Executive Officer, commented, The strong results of the second quarter build on the momentum of the first quarter of the year and confirm Commercial Bank is well-placed to achieve sound results for the full year. To increasingly focus Commercial Bank s returns on core income, we have begun a programme of exiting non-core real estate investments, which will be concluded by the end of the first quarter Net interest margin has reduced slightly to 2.52% due to heightened levels of competition; however, our cost to income ratio continues to decrease, reducing from 38.1% in Q to 34.1% in the second quarter. On a quarterly year-onyear basis, loans and advances were up nearly 5% and customer deposits were also up by just over 7% as we continue to meet our customers needs as a true innovator in financial services. Subsidiary in Turkey Alternatifbank ( ABank ) delivered a 20% increase in net profit to TL 75 million for the half-year ended 30 June 2015 (TL 63 million for 2014). Net operating income grew by TL 19 million to TL 302 million for the half year ended 30 June 2015, from TL 283 million in 2014, mainly due to an increase in net fees and commission income and investment income. As at 30 June 2015, ABank had grown its customer lending by 26% to TL 9.5 billion and customers deposits increased by 14% to TL 6 billion compared with 30 June Associates in the UAE and Oman
4 National Bank of Oman and United Arab Bank have achieved a strong financial performance for the half year ended 30 June 2015 with a 12% improvement in profitability as compared to the same period in National Bank of Oman National Bank of Oman ( NBO ) achieved a net profit of OMR 28 million for the half year ended 30 June 2015 as compared to OMR 23 million, an increase of 22% over Net operating income grew by OMR 10 million to OMR 64 million, from OMR 54 million in same period 2014, mainly due to an increase in net interest income which was up 18% to OMR 45 million. As at 30 June 2015, NBO grew its customer lending by 9% to OMR 2.4 billion and customers deposits reduced marginally to OMR 2.5 billion compared to United Arab Bank United Arab Bank ( UAB ) delivered a net profit of AED 344 million for the half-year ended 30 June 2015 which represents an increase of 5% over the same period in 2014.The net operating income for the half-year ended 30 June 2015 increased by 3% to AED 696 million, from AED 676million in 2014 with solid underlying performance in Net Interest Income which was up by 8%, while a decrease in Non-Interest Income by 9%, as compared to the same period in UAB s loans and advances grew by 3% to AED 18.3 billion as at 30 June 2015, with customers deposits at AED 18.2 billion, down 2% compared to 30 June END For more information please contact: Ibrahim Al Emadi Jon Earl Head of Corporate Communications Managing Director Commercial Bank F T I Consulting Tel: Tel: +971 (0) Ibrahim.alemadi@cbq.qa jon.earl@fticonsulting.com Notes to Editors About Commercial Bank
5 Commercial Bank has total assets of QAR billion as at 30 June As a full service commercial bank, the Bank offers a full range of corporate, retail and investment banking services as well as owning and operating exclusive Diners Club franchises in Qatar and Oman. The Bank s countrywide network includes 32 full service branches and 156 ATMs. Profitable every year since incorporation in 1974, continual investment in technology and human capital, together with a strong capital base, provides a solid foundation for continued growth. A successful diversification strategy has expanded Commercial Bank s GCC footprint through strategic partnerships with associated banks, the National Bank of Oman (NBO) in Oman and United Arab Bank (UAB) in the UAE. NBO, the second largest bank in Oman with total assets of OMR 3.2 billion as at 30 June 2015, has 61 conventional branches and 6 Islamic branches in Oman and 1 branch each in Egypt, Abu Dhabi and Dubai. UAB is headquartered in Sharjah, with total assets of AED 26.6 billion as at 30 June 2015, and operates 30 branches across the emirates in the UAE. Building on the successful execution of the Bank s expansion strategy to date, Commercial Bank completed the acquisition of a majority stake in Alternatifbank in Turkey in July Commercial Bank enjoys strong credit ratings of (A) from Fitch, (A1) from Moody s and (A-) from Standard & Poor s. The Bank is listed on the Qatar Exchange and was the first Qatari bank to list its Global Depository Receipts (GDRs) as well as bonds on the London Stock Exchange. Commercial Bank s Swiss Franc bond issuance in December 2010, listed on the SIX Swiss Exchange, was the first public bond issuance by a Qatari bank in Switzerland. Commercial Bank s latest bond issuance in June 2014 is listed on the Irish stock exchange. Commercial Bank was awarded Best retail bank in Qatar for 2015 by The Asian Banker based on its wide-ranging achievements over the past three years and ambitious future plans. In recognition of the Bank s innovative customer focused products and services provided to SMEs, Commercial Bank also won the prestigious Best Commercial (SME) Bank of the Year, Qatar award from The International Banker for the year The Bank is dedicated to supporting Qatar s community and social infrastructure through Corporate Social Responsibility programmes and sponsorship of various events. Title sponsorship of the
6 Commercial Bank Qatar Masters and the Grand Prix of Qatar Moto GP reflects the Bank s promotion of excellence in sports and its keen interest in enhancing Qatar s international sporting reputation. To reinforce Qatar s flourishing cultural environment, Commercial Bank is the strategic partner of the Katara Cultural Village. This collaboration symbolises the Bank s commitment to supporting cultural activities in Qatar and making the country a regional arts and cultural hub. About Alternatifbank (ABank) ABank was established in 1991 and has been listed on the Istanbul Stock Exchange since Commercial Bank became the majority shareholder in ABank in 2013 holding a 74.24% stake, following the acquisition of ABank shares of 70.84% from the Anadolu Group and 3.40% through a public tender offer. Anadolu Group remains a significant shareholder retaining 25% of shares in ABank. Currently the Bank owns 74.87% of ABank shares. ABank is a mid-size Turkish bank that predominately serves medium-sized companies through a country-wide network of 64 branches in 21 cities. ABank provides commercial/corporate banking services and products, with a special focus on the growing segment of Small and Medium-Sized Enterprises. The Bank s main product ranges cover trade finance instruments, working capital finance, cash management, and portfolio management. The Bank has also recently made a strategic decision to re-enter Retail Banking, targeting the "mass affluent segment" in terms of customer profile with tailor made products. At 30 June 2015, ABank had total assets of TL 13.2 billion, total loans stood at TL 9.5 billion, customer deposits of TL 6.1 billion and shareholders equity of TL 1.02 billion.
The Commercial Bank (P.S.Q.C.) Announces. Net profit of QAR Million for the Full Year Ended 31 December 2016
The Commercial Bank (P.S.Q.C.) Announces Net profit of QAR 501.4 Million for the Full Year Ended 31 December 2016 21 Feb 2017, Doha, Qatar: The Commercial Bank (P.S.Q.C.) ( the Bank ), its subsidiaries
More informationThe Commercial Bank (P.S.Q.C.) Announces. Net Profit of QAR 604 Million for the Full Year Ended 31 December 2017
The Commercial Bank (P.S.Q.C.) Announces Net Profit of QAR 604 Million for the Full Year Ended 31 December 2017 29 January 2018, Doha, Qatar: The Commercial Bank (P.S.Q.C.) ( the Bank ), its subsidiaries
More informationCommercial Bank of Qatar
NEWS RELEASE Commercial Bank of Qatar Financial Results for the year ended 31 December 2012 Commercialbank delivers full year record net profit of QAR 2.012 billion Fourth quarter net profit rises 19%
More informationCommercial Bank of Qatar. Financial Results for the half-year ended 30 June Commercialbank delivers 17% increase in net profit to QR 956 million
Commercial Bank of Qatar Financial Results for the half-year ended 30 June 2011 Commercialbank delivers 17% increase in net profit to QR 956 million Wednesday 27 July 2011, Doha, Qatar: Commercial Bank
More informationUnited in purpose, inspired by our country s future. Annual Report 2017
United in purpose, inspired by our country s future Annual Report 2017 His Highness Sheikh Tamim Bin Hamad Al Thani Emir of the State of Qatar His Highness Sheikh Hamad Bin Khalifa Al Thani Father Emir
More informationTHE COMMERCIAL BANK OF QATAR
THE COMMERCIAL BANK OF QATAR Financial Results For the full year ended 31 December 2014 3 rd March 2015 Forward Looking Statements This presentation and subsequent discussion may contain certain forward-looking
More informationCOMMERCIAL BANK OF QATAR
COMMERCIAL BANK OF QATAR Financial Results For the Quarter ended 31 March 2013 18 April 2013 Forward Looking Statements This presentation and subsequent discussion may contain certain forward-looking statements
More informationDOHA Sustainable BANK Performance
February 2018 1 DOHA Sustainable BANK Performance - AT A GLANCE BEST LOCAL BANK IN QATAR EMEA Finance BEST REGIONAL COMMERCIAL BANK The Banker Middle East MOST INNOVATIVE BANK IN MIDDLE EAST EMEA Finance
More informationCONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 30 JUNE 2016
CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 30 JUNE 2016 The Commercial Bank (Q.S.C) CONTENTS CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Page(s) Independent auditors review report 1 Condensed
More informationEmirates NBD Announces First Half 2015 Results
For immediate release Emirates NBD Announces First Half 2015 Results Net profits up 41% to AED 3.3 billion on higher income and lower provisions Total Income up 7% to AED 7.6 billion as net interest income
More informationTHE COMMERCIAL BANK (P.S.Q.C.)
THE COMMERCIAL BANK (P.S.Q.C.) Financial Results For the full year ended 31 December 2017 Forward Looking Statements This presentation and subsequent discussion may contain certain forward-looking statements
More informationCONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2016
CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2016 The Commercial Bank (Q.S.C) CONTENTS CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Page(s) Independent auditors review report
More informationNational Bank of Oman SAOG
National Bank of Oman SAOG INTERIM CONDENSED FINANCIAL STATEMENTS 30 September 2013 (UNAUDITED) PO Box 751 PC 112 Ruwi Sultanate of Oman. INDEX PAGE NO. 1 INTERIM CONDENSED STATEMENT OF FINANCIAL POSITION
More informationQNB Investor Relations Presentation June 2011
QNB Investor Relations Presentation June 211 Forward Looking Statement This presentation and subsequent discussion may contain certain forward-looking statements with respect to the financial condition,
More informationInvestor Presentation. September 2014
Investor Presentation September 2014 Contents I. UNB Introduction 1 II. UAE Economy and Banking Industry 3 III. UNB Business Overview 5 IV. Financial Highlights and Performance 10 V. Awards and Certifications
More informationThe Commercial Bank of Qatar (Q.S.C.) Interim condensed consolidated statement of income for the six months ended 30 June 2008
Interim condensed consolidated financial statements 30 June 2008 0 1 2 Interim condensed consolidated statement of income for the six months ended 30 June 2008 Three months ended Six months ended 30-Jun-08
More informationPRESENTATION INTERNATIONAL FINANCIAL INSTITUTIONS SEPTEMBER Nov Version
PRESENTATION INTERNATIONAL FINANCIAL INSTITUTIONS SEPTEMBER 2017 21 Nov. 2017 Version Contents 01 02 03 04 05 06 Section 1 ABank Overview Section 2 Ownership Section 3 Business Strategy Section 4 Financial
More informationDubai Islamic Bank Group announces Quarter 1, 2016 Financial Results
Press Release: Dubai Islamic Bank Group announces Quarter 1, 2016 Financial Results Q1 2016 net profit up by 18 per cent to over AED 1 billion Dubai, April 27, 2016 Dubai Islamic Bank (DFM: DIB), the first
More informationEmirates NBD Announces First Quarter 2018 Results
For immediate release Emirates NBD Announces First Quarter 2018 Results Net profit up 27% y-o-y and 10% q-o-q to AED 2.4 billion Dubai, 18 April 2018 Emirates NBD (DFM: EmiratesNBD), a leading bank in
More informationDubai Islamic Bank Group 1 st Half 2016 Financial Results H net profit up by 11% to over AED 2 billion
Press Release: Dubai Islamic Bank Group 1 st Half 2016 Financial Results H1 2016 net profit up by 11% to over AED 2 billion Dubai, July 27, 2016 Dubai Islamic Bank (DFM: DIB), the first Islamic bank in
More informationEmirates NBD Announces Full Year 2016 Results
For immediate release Emirates NBD Announces Full Year 2016 Results Net profit up 2% to AED 7.24 billion Proposed dividend maintained at 40% Dubai, 16 January 2017 Emirates NBD (DFM: EmiratesNBD), the
More informationInvestor Presentation
Investor Presentation 2017 Contents 1. Overview of Masraf Al Rayan 2. Key Financial Highlights 2.1 Profitability 2.2 Balance Sheet 2.3 Asset Quality 2.4 Capitalisation 3. Overview of Qatar 4. Key Contacts
More informationBank Rating Report. United Arab Bank. United Arab Emirates
United Arab Bank Capital Intelligence, Oasis Complex, Block E, Gladstone Street, P.O. Box 53585, CY 3303 Limassol, Cyprus, Tel: 357 25 342300, Fax: 357 25 817750 E-mail: capital@ciratings.com. Web site:
More informationStart of the subscription period for the IPO of Mesaieed Petrochemical Holding Company Q.S.C.
IMPORTANT NOTICE: This announcement is being made available for information purposes only within the State of Qatar. This announcement does not constitute a prospectus or offering document relating to
More informationEmirates NBD Announces Full Year 2018 Results
For immediate release Emirates NBD Announces Full Year 2018 Results AED 10 billion Net Profit up 20% y-o-y on higher income Total assets surpass AED 500 billion Proposed dividend of 40% Dubai, 16 January
More informationDubai Islamic Bank Group 1 st half 2015 Financial Results H net profit up by 35% to AED 1,801 million
Press Release: Dubai Islamic Bank Group 1 st half Financial Results H1 net profit up by 35% to AED 1,801 million Dubai, July 29, Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the
More informationRAKBANK. Investor Relations Presentation FY 2015
RAKBANK Investor Relations Presentation FY 2015 RAKBANK Profile Establishment The National Bank of Ras Al Khaimah was founded in 1976. It underwent a major transformation in 2001 as it rebranded into RAKBANK
More informationArab Bank Group. Investor Relations Presentation June 30, 2016
Arab Bank Group Investor Relations Presentation June 30, 2016 1 General Information Financial Data & KPIs Q2 2016 Key Performance Extracts Credit Rating Table of Contents Stock Information Corporate Governance
More informationAbu Dhabi Islamic Bank net profit for Q increases 10.1% to AED million
MANAGEMENT DISCUSSION & ANALYSIS FOR THE QUARTER ENDING 31 MARCH 2015 Abu Dhabi Islamic Bank net profit for Q1 2015 increases 10.1% to AED 450.8 million Customer financing assets increased 13.3% year-on-year
More informationInvestor Presentation. June 2018
Investor Presentation June 2018 Contents Bank Muscat Introduction Operating environment Bank Muscat business - Overview Financial Performance Annexure Note: The financial information is updated as of 30
More informationFIRST GULF BANK Q3/9M 13 EARNINGS PRESENTATION
FIRST GULF BANK Q3/9M 13 EARNINGS PRESENTATION DISCLAIMER This presentation provides information in summary form only and is not intended to be complete. It is not intended to be relied upon as advice
More informationArab Bank Group INVESTOR RELATIONS PRESENTATION. December 31, 2016
Arab Bank Group INVESTOR RELATIONS PRESENTATION December 31, 2016 1 TABLE OF CONTENTS General Information Financial Data & KPIs Credit Rating Stock Information Corporate Governance Disclaimer Appendix
More informationInvestor Presentation. April 2017
Investor Presentation April 2017 Overview of Doha Bank Key highlights Incorporated in 1979, Doha Bank is the third largest local conventional bank by assets in Qatar with a market share of approximately
More informationQNB Head Office. P.O. Box 1000, Doha, State of Qatar Tel. (+974) , Fax (+974)
Banking Sector Review Results & Performance 2007 QNB Head Office P.O. Box 1000, Doha, State of Qatar Tel. (+974) 440 7407, Fax (+974) 441 3753 www.qnb.com.qa ccsupport@qnb.com.qa Banking Sector Review
More informationArab Bank Group INVESTOR RELATIONS PRESENTATION. December 31, 2017
Arab Bank Group INVESTOR RELATIONS PRESENTATION December 31, 2017 1 TABLE OF CONTENTS General Information Financial Data & KPIs Credit Rating Stock Information Corporate Governance Disclaimer Appendix
More informationDubai Islamic Bank 1st Quarter 2017 Net Profit reaches AED Billion
Press Release: Dubai Islamic Bank 1st Quarter 2017 Net Profit reaches AED 1.042 Billion Net profit up by 4% compared to same period in 2016 Financing assets up by 6% to AED 121.4 billion Deposits up by
More informationInvestor Presentation MARCH 2014
Investor Presentation MARCH 2014 Contents I. UNB Introduction 1 II. UAE Banking Industry 3 III. UNB Business Overview 5 IV. UNB Strategy 10 V. Risk Management 11 VI. Financial Highlights and Performance
More informationAlternatif Bank. International Financial Institutions, June 2018
Alternatif Bank International Financial Institutions, June 2018 Contents 1. Turkish Macroeconomy and Regulatory Environment 2. Alternatif Bank Overview 3. Ownership 4. Business Strategy 5. Financial Overview
More informationInvestor Presentation JUNE 2014
Investor Presentation JUNE 2014 Contents I. UNB Introduction 1 II. UAE Banking Industry 3 III. UNB Business Overview 5 IV. UNB Strategy 10 V. Risk Management 11 VI. Financial Highlights and Performance
More informationAbu Dhabi Islamic Bank net profit for 2013 increases 20.7% to AED billion
MANAGEMENT DISCUSSION & ANALYSIS FOR THE YEAR ENDING 31 DECEMBER Abu Dhabi Islamic Bank net profit for increases 20.7% to AED 1.450 billion Total assets increased 19.8% to AED 103.2 billion Group Financial
More informationMashreq posts a 9.4% y o y growth in Operating Profit in the first half of 2016
Mashreq posts a 9.4% y o y growth in Operating Profit in the first half of 2016 Dubai, UAE; 20 th July 2016: Mashreq, one of the leading financial institutions in the UAE, today has reported its financial
More informationRAKBANK Investor Relations Presentation for the First 9 Months of The National Bank of Ras Al-Khaimah (P.S.C)
RAKBANK Investor Relations Presentation for the First 9 Months of 2014 The National Bank of Ras Al-Khaimah (P.S.C) 9M 2014 Highlights Financial Snapshot (AED millions) 9M 14 9M 13 Awards & Recognitions
More informationInvestor Presentation February 2017
Investor Presentation February 2017 Overview of Doha Bank Key highlights Strong international footprint Incorporated in 1979, Doha Bank is the third largest local conventional bank by assets in Qatar with
More informationDomestic dominance Regional leadership Global ambitions. December 2018
Domestic dominance Regional leadership Global ambitions December 2018 Founded in 1964, Qatar Insurance Company (QIC) is the largest insurance powerhouse in the MENA region 2 QIC - KEY FACTS AND FIGURES
More informationFGB reports net profit of AED 2.87 Billion in the first half of 2015, up by 7%
Press Release FGB reports net profit of AED 2.87 Billion in the first half of 2015, up by 7% FGB achieved a H1 2015 Group Net Profit of AED 2.87 Billion, up 7% from H1 2014. Second quarter net profit up
More informationNational Bank of Oman SAOG
National Bank of Oman SAOG INTERIM CONDENSED FINANCIAL STATEMENTS 31 March 2010 (UNAUDITED) PO Box 751 PC 112 Ruwi Sultanate of Oman. INDEX PAGE NO. 1 CHAIRMAN'S REPORT 1 2 2 SUMMARY OF RESULTS 3 3 INTERIM
More informationAbu Dhabi Islamic Bank net profit for 2012 increases 4.0% to AED billion after provisions of AED 802 million
MANAGEMENT DISCUSSION & ANALYSIS FOR THE YEAR ENDING 31 DECEMBER 2012 Abu Dhabi Islamic Bank net profit for 2012 increases 4.0% to AED 1.201 billion after provisions of AED 802 million Total assets at
More informationFirst Gulf Bank Profile
First Gulf Bank Profile Based on June 2012 Financials 1/28 Agenda General Overview Financial Review Business Review Shareholder Information 2/28 First Gulf Bank Overview Incorporated in 1979 and headquartered
More informationQATAR INSURANCE COMPANY S.A.Q. CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2008
QATAR INSURANCE COMPANY S.A.Q. CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2008 Consolidated Financial Statements CONTENTS Page Independent Auditors Report to the shareholders 1-2 Consolidated financial
More informationMAZAYA QATAR REAL ESTATE DEVELOPMENT Q.S.C DOHA - QATAR
MAZAYA QATAR REAL ESTATE DEVELOPMENT Q.S.C DOHA - QATAR FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT FOR THE PERIOD FROM FEBRUARY 12, 2008 (INCEPTION DATE) FINANCIAL STATEMENTS Independent auditor
More informationEmirates NBD Announces First Half 2018 Results
For immediate release Emirates NBD Announces First Half 2018 Results Record Half-Year as Net Profit exceeds AED 5 billion, up 29% y-o-y on higher net interest income and lower provisions Dubai, 18 July
More informationTop line. strong. Page 1 of 6. delivered an. 19% as the. the Bank s grew 39% boosted by business as. The Bank s repayments.
For immediate releasee Emirates NBD Announces Third Quarter 2014 Results Top line growth powers Net Profit up 51% to AED 3.91 billion supported by strong economic growth in Dubai Pre-impairment Operating
More informationDubai Islamic Bank. Shuaa Capital GCC Investor Conference, London 27 th - 28 th May 2009
Dubai Islamic Bank Shuaa Capital GCC Investor Conference, London 27 th - 28 th May 2009 Disclaimer The information provided in this presentation should not be used as a substitute for any form of advice.
More informationCONTENTS Chairman s Canvas 5 Who Are 7 Our Purpose 9 Our Structure 9 What 11 Investment 13 Our Customer Commitment Our People Commitment
CONTENTS Chairman s Canvas 5 Who We Are 7 Our Purpose 9 Our Structure 9 What We Do 11 Investment 13 Our Customer Commitment 15 Our People Commitment 15 Governance 17 Conscience 17 Looking Ahead 19 3 CHAIRMAN'S
More informationPinsent Masons in Qatar
Pinsent Masons in Qatar For over a decade, we have been serving both Qatari clients and their businesses and the wider local business community. We operate from our office in the iconic Tornado Tower in
More informationDomestic dominance Regional leadership Global ambitions. June 2017
Domestic dominance Regional leadership Global ambitions June 2017 Founded in 1964, Qatar Insurance Company (QIC) is the largest insurance powerhouse in the MENA region 2 QIC - KEY FACTS AND FIGURES June
More informationInvestor Presentation. July 2017
Investor Presentation July 2017 Overview of Doha Bank Key highlights Incorporated in 1979, Doha Bank is the third largest local conventional bank by assets in Qatar with a market share of approximately
More informationDubai Islamic Bank Group 1 st Quarter 2015 Financial Results Q net profit up by 34 per cent to AED 850 million
Press Release: Dubai Islamic Bank Group 1 st Quarter 2015 Financial Results Q1 2015 net profit up by 34 per cent to AED 850 million Dubai, April15, 2015 Dubai Islamic Bank (DFM: DIB), the first Islamic
More informationQ1 11 Investor presentation May 2011
AbuDhabi Commercial Bank PJSC Q1 11 Investor presentation May 2011 1 Disclaimer This document has been prepared by Abu Dhabi Commercial Bank PJSC ( ADCB ) for information purposes only. The information,
More informationDomestic dominance Regional leadership Global ambitions. March 2018
Domestic dominance Regional leadership Global ambitions March 2018 Founded in 1964, Qatar Insurance Company (QIC) is the largest insurance powerhouse in the MENA region 2 QIC - KEY FACTS AND FIGURES March
More informationDomestic dominance Regional leadership Global ambitions. June 2018
Domestic dominance Regional leadership Global ambitions June 2018 Founded in 1964, Qatar Insurance Company (QIC) is the largest insurance powerhouse in the MENA region 2 QIC - KEY FACTS AND FIGURES June
More informationADIB 2017 Net Profit rises 17.7% to AED 2.3 billion
MANAGEMENT DISCUSSION & ANALYSIS FOR THE YEAR ENDED 31 DECEMBER 2017 ADIB 2017 Net Profit rises 17.7% to AED 2.3 billion Group Financial Highlights Income Statement: FYR 2017 vs. FYR Group net revenues
More informationQNB at a glance Gateway to the Middle East and Africa (MEA)
Contents 1. Introduction to QNB 2. Vision and Strategy 3. Business Overview 4. Corporate Governance 5. Financial Highlights 6. Corporate and Social Responsibility 2 Introduction to QNB QNB at a glance
More informationThe Qatar Central Bank has done and still does an exemplary job of managing finances in the country. domestic macroeconomic developments,
WEDNESDAY, NOVEMBER 28 2012 1 See this report at www.worldfolio.co.uk A special supplement by PANORAMA REPORTS LTD Strong foundations for sustainable development The Qatari government is building on the
More informationNational Bank of Oman SAOG
National Bank of Oman SAOG INTERIM CONDENSED FINANCIAL STATEMENTS 30 September 2015 (UNAUDITED) PO Box 751 PC 112 Ruwi Sultanate of Oman. SR.NO INDEX PAGE NO 1 CHAIRMAN REPORT 1 2 AUDITORS REVIEW REPORT
More informationRAKBANK Investor Relations Presentation Q The National Bank of Ras Al-Khaimah (P.S.C)
Investor Relations Presentation Q1 2014 The National Bank of Ras Al-Khaimah (P.S.C) Snapshot of Ras Al Khaimah Situated less than one hour from Dubai, Ras Al Khaimah is the fourth largest of the seven
More informationThe people you can trust when you really need them
The people you can trust when you really need them WHO WE ARE Whitelaw Loss Adjusters (WLA) is an established and reputed professional loss adjusting practice based in the Middle East. Independently owned
More informationAbu Dhabi Islamic Bank posts an increase of 2.3% in Group Net Profit to AED million for the second quarter of 2012
MANAGEMENT DISCUSSION & ANALYSIS FOR THE QUARTER ENDING 30 JUNE 2012 Abu Dhabi Islamic Bank posts an increase of 2.3% in Group Net Profit to AED 322.6 million for the second quarter of 2012 Group Financial
More informationReport Concerning General Assembly Meeting
Report Concerning General Assembly Meeting Company Name:. Qatar Telecom (Qtel) Q.S.C.. Date:. 18 April 2010... Time: From: 6:30 PM. To: 7:30 PM Location: La Cigale Hotel, DOHA QATAR... Type of Meeting:
More informationTHE COMMERCIAL BANK OF QATAR (Qatari Shareholding Company)
THE COMMERCIAL BANK OF QATAR (Qatari Shareholding Company) MEMORANDUM OF ASSOCIATION 1394H 1974AD DECREE LAW NO. 73 OF THE YEAR 1974 ESTABLISHING A QATARI SHAREHOLDING COMPANY UNDER THE NAME: THE COMMERCIAL
More informationInvestor Presentation. Sep 2018
Investor Presentation Sep 2018 Contents Bank Muscat Introduction Operating environment Bank Muscat business - Overview Financial Performance Annexure Note: The financial information is updated as of 30
More informationRAKBANK. Investor Relations Presentation H1 2016
RAKBANK Investor Relations Presentation H1 2016 RAKBANK Profile Establishment The National Bank of Ras Al Khaimah was founded in 1976. It underwent a major transformation in 2001 as it rebranded into RAKBANK
More informationBanking. Global Research. Qatar. Qatar Banking Sector. Growth, Value, Quality!
Global Research Banking Qatar Qatar Banking Sector Growth, Value, Quality! April 2008 KSCC Banking Research Souk Al-Safat Bldg., 2nd Floor P.O. Box 28807 Safat 13149 Kuwait Tel: (965) 240 0551 Fax: (965)
More informationOpportunities to Inspire
OPPORTUNITIES TO INSPIRE 01 Opportunities to Inspire You look at every day as an opportunity. An opportunity to inspire. To inspire growth. Dream new dreams. Strive for more, even at the peak. To inspire
More informationInvestor Presentation. October 2017
Investor Presentation October 2017 Overview of Doha Bank Key highlights Incorporated in 1979, Doha Bank is the third largest local conventional bank by assets in Qatar with a market share of approximately
More informationDomestic dominance Regional leadership Global ambitions. December 2015
Domestic dominance Regional leadership Global ambitions December 2015 At a glance 2 QIC - KEY FACTS AND FIGURES DECEMBER 2015 Solid foundation QIC steadily evolved from a domestic player to a regional
More informationBank Alfalah Limited
Rating Report RATING REPORT REPORT DATE: June 30, 2018 RATING ANALYSTS: Talha Iqbal talha.iqbal@jcrvis.com.pk Ibad Desmukh ibad.deshmukh@jcrvis.com.pk RATING DETAILS Latest Rating Previous Rating Rating
More informationPRIVATE BANKING. Private Banking at Emirates NBD London Opportunities to Inspire
PRIVATE BANKING Private Banking at Emirates NBD London Opportunities to Inspire OPPORTUNITIES TO INSPIRE 01 Opportunities to Inspire You look at every day as an opportunity. An opportunity to inspire.
More informationHis Excellency Sultan bin Saeed Al Mansoori, Minister of. Ambassador of the United Arab Emirates to Singapore Dr
EMBARGOED UNTIL AFTER DELIVERY PLEASE CHECK AGAINST DELIVERY OPENING REMARKS BY DR KOH POH KOON SENIOR MINISTER OF STATE FOR TRADE & INDUSTRY AND NATIONAL DEVELOPMENT AT THE UAE-SINGAPORE BUSINESS AND
More information1Q2014 Earnings Release
EFG HERMES REPORTS FIRST QUARTER 2014 GROUP EARNINGS OF EGP119 MILLION; ON TOTAL OPERATING REVENUE OF EGP563 MILLION Cairo, May 15 th, 2014 EFG Hermes reported today Group net profit after tax and minority
More informationFirst Gulf Bank Profile
First Gulf Bank Profile Based on September 2012 Financials 1/28 Agenda General Overview Financial Review Business Review Shareholder Information 2/28 First Gulf Bank Overview Incorporated in 1979 and headquartered
More informationInvestor Presentation. February 2018
Investor Presentation February 2018 Overview of Doha Bank Key highlights Incorporated in 1979, Doha Bank is the third largest local conventional bank by assets in Qatar with a market share of approximately
More informationQATAR INSURANCE COMPANY S.A.Q. CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2007
QATAR INSURANCE COMPANY S.A.Q. CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2007 Consolidated Financial Statements CONTENTS Page Independent Auditors Report to the shareholders 1-2 Financial statements
More informationMarket Update. 14 May 2015 BANK MUSCAT ASSET MANAGEMENT
Market Update 14 May 2015 BANK MUSCAT ASSET MANAGEMENT GCC Equity Markets Most of the regional markets have witnessed negative performance so far this month, except Qatar, Oman, and Bahrain up 2.9%, 0.6%,
More informationBanking Sector Review Results & Performance 2003
Banking Sector Review Results & Performance 2003 HEAD OFFICE Qatar National Bank SAQ, P O Box 1000 Doha, Qatar Tel. (+974) 440 7407 Fax (+974) 441 3753 E-mail ccsupport@qatarbank.com www.qnb.com.qa UNITED
More informationAbout us. A s retail banking is known for its. A has received various international. A s corporate banking has. A s private banking is marketing its
1 3 About us Established as the Ottoman Bank in 1956, the International Bank of Qatar (A) is one of the oldest banks in Qatar and is a well-established commercial institution headquartered in Doha, Qatar.
More informationDOHA BANK (Q.S.C.) DOHA - QATAR CONSOLIDATED FINANCIAL STATEMENTS FOR YEAR ENDED DECEMBER 31, 2007 TOGETHER WITH INDEPENDENT AUDITOR S REPORT
DOHA BANK (Q.S.C.) DOHA - QATAR CONSOLIDATED FINANCIAL STATEMENTS FOR YEAR ENDED DECEMBER 31, 2007 TOGETHER WITH INDEPENDENT AUDITOR S REPORT DOHA BANK (Q.S.C.) DOHA QATAR CONSOLIDATED FINANCIAL STATEMENTS
More informationSwiss-Arab Wealth Management Forum. Swiss-Arab Financial Forum
Swiss-Arab Forum About General Theme Yearly Theme Topics Discussed Guest Countries Partners Sponsors List Media Partners List of Speakers Audience Participants Pie Chart SAWM 2013 Accomplishments Swiss-Arab
More informationDoha Bank Q.S.C. Doha - Qatar
Doha - Qatar CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 CONTENTS CONSOLIDATED FINANCIAL STATEMENTS Page(s) Independent Auditors Report 1-4 Consolidated statement of financial
More informationOoredoo Q.S.C. Ooredoo Group reports a Net Profit increase of 4% for FY 2016 Group customer base reached 138 million (up 19%)
Ooredoo Q.S.C. Ooredoo Group reports a Net Profit increase of 4% for FY 2016 Group customer base reached 138 million (up 19%) Board of Directors Recommends a Cash Dividend of QAR 3.5 Per Share Doha, Qatar,
More informationQatar Islamic Bank (Q.P.S.C.) Investor Presentation December 2017
Qatar Islamic Bank (Q.P.S.C.) Investor Presentation December 2017 Agenda 1 Introduction 2 Operating Environment 3 QIB Business Review 4 QIB Financial Overview 5 Appendix Qatar Islamic Bank Page 2 Introduction
More informationInvestor Presentation. March 2018
Investor Presentation March 2018 Contents Bank Muscat Introduction Operating environment Bank Muscat business - Overview Financial Performance Annexure Note: The financial information is updated as of
More informationFULL YEAR 2011 RECORD NET PROFIT OF AED 3,045 MN, RECOMMENDS DIVIDEND OF 20% ON EARNINGS OF AED 0.51 PER SHARE
Abu Dhabi Commercial Bank Salam Street P. O. Box: 939, Abu Dhabi http://www.adcb.com Press Release: Immediate Release ABU DHABI COMMERCIAL BANK P.J.S.C REPORTS FULL YEAR RECORD NET PROFIT OF 3,045 MN,
More information(Following results for the year ended 31 December 2015 are subject to approval by the UAE Central Bank)
27 January 2016 NBAD Reports 4 th Quarter and Full-Year 2015 Results (Following results for the year ended 31 December 2015 are subject to approval by the UAE Central Bank) FY 15 Net Profits of AED 5.23
More informationFINAL TERMS. Not Applicable
13 February 2017 FINAL TERMS DIB Sukuk Limited Issue of U.S.$1,000,000,000 Trust Certificates due 2022 under the U.S.$5,000,000,000 Trust Certificate Issuance Programme PART A CONTRACTUAL TERMS Terms used
More informationANNUAL REPORT Winner of Bank of the Year 2011 UAE award from Financial Times Banker magazine
ANNUAL REPORT 2011 ANNUAL REPORT 2011 Winner of Bank of the Year 2011 UAE award from Financial Times Banker magazine 3 2 BRANCHES Head Office H.E. Sh. Abdulla Bin Salem Al Qassimi Bldg Al Qassimi Street
More informationDEVELOPING ISLAMIC FINANCE INDUSTRY DATABASE
DEVELOPING ISLAMIC FINANCE INDUSTRY DATABASE UAE s Practices on Collection and Dissemination of Banking Statistics Consultative Meeting OIC Member Countries On 24 th September 2017 in Mugla, Turkey Index
More informationA Historic year and a defining moment for Mashreq as it posts 33% in Net Profit in 2014
A Historic year and a defining moment for Mashreq as it posts 33% in Net Profit in Dubai, UAE; 18 th January 2015: Mashreq, one of the leading financial institutions in the UAE, today reported its financial
More informationQatar National Bank (QNBK.DSM)
Qatar National Bank (QNBK.DSM) Country: Qatar Exchange: Doha Securities Market Sector: Banking Local Ticker: QNBK Reuters Code: QNBK.DSM Investment Opinion: OVERWEIGHT Last traded Price: QAR 243.50 (as
More informationDLALA BROKERAGE AND INVESTMENTS HOLDING COMPANY (QSC) DOHA - QATAR
DLALA BROKERAGE AND INVESTMENTS HOLDING COMPANY (QSC) DOHA - QATAR CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD FROM MAY 24, 2005 (DATE OF INCEPTION) TO DECEMBEER 31, 2006 TOGETHER WITH INDEPENDENT
More information