Ahli Bank Net Profit Rose to QR353.23 Million in 1st Half of 2018

July 18, 2018

Ahli Bank’s net profit amounted to QR353.23 million, an increase of 3.2% compared to QR342.21 million for the same period last year, while the bank’s earnings per share recorded QR1.68 in the first two quarters of 2018, versus QR1.63 for the same period of 2017.

The Group’s Comments:

Ahli bank’s total income increased by 3.9% in the first half of 2018 to QR538.1 million, of which QR419.3 million was generated by interests. The bank’s total expenses also increased by 5.2% to QR184.8 million, of which QR87.8 million went to staff expenses and QR84.4 million for loan losses and investments. Consequently, the net profit rose by 3.2% to QR353.2 million with a slight change in the fair value that amounted to QR7.2 million. Ahli Bank’s comprehensive income dropped to QR346 million, compared to QR334.9 million in the corresponding period of 2017.