Qatar First Bank Net Loss in Q1, 2017 Fall to QR 9.6 Million   
Loss per share QR 0.05 
 
April 27, 2017 
 
Qatar First Bank net loss in the first quarter 2017 was QR 9.56 million compared to a net loss of QR 19.6 million in the corresponding period last year. The loss per share stood at QR 0.05 versus a loss per share of QR 0.10 in the corresponding period in 2016.   

 
The Group Securities Comment:
 
Qatar First Bank revenue in the first quarter 2017 fell 8.1% to QR 121.5 million, of which QR 89.7 million was non-bank income. Total expenses decreased by 12.9% to QR 129.2 million, of which QR 89.3 were non-banking expenses, QR 17.8 million were for employees and QR 13.4 million were other operating expenses. As a result, net loss in the first quarter decreased by 51.2% to QR 9.56 million.