Al Rayan Net Profit Rose 4.5% to QR1.63
Billion in Q3 2018
October 16, 2018
Masraf Al Rayan's net profit amounted to
QR1.63 billion in the previous 9 months compared to QR1.56
billion for the same period last year. The bank’s earnings per
share recorded QR2,176 versus QR2,083 for the corresponding
period of 2017.
The Group’s Comments:
Al Rayan’s operating revenues increased by
15.4% to QR3.66 billion in the period ended 30/9/2018, while its
total expenses climbed by 39.4% to QR1.06 billion. Depositors'
share in profits increased by 12.9% to QR950.4 million (although
the deposit balance increased by only 4.9%). As a result, the
net profit attributable to shareholders increased by 4.5% to
QR1631.9 million.
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