Ahli Bank's Net Profit Drops 2.4% to QR 631.7 Million

 

January 23, 2017

 

Ahli Bank's net profit reached QR631.75 million Compared to net profit amounting to QR 647.72 million for the same period of the previous year. Earnings per Share (EPS) amounted to QR 3.31 compared to QR 3.39 for the same period of the previous year.

 

The Group's Comment

 

Ahli Bank's net operational income declined 3.6% to QR 958.7 million in 2016, including QR 735 million as net interest.  Expenses declined 6.1% to QR326.9 million, including QR 172.7 million as staff cost. As result, the profit fell by 2.5% to QR 631.75 million. Comprehensive income went down to QR 608.2 million as result of change in the fair value.