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.