QIIB Net Profit Rose 5% to QR735 Million in
Q3 2018
October 16, 2018
Qatar International Islamic Bank net profit
amounted to QR735 million, compared to QR700.1 million recorded
in the same period last year, while the bank’s earnings per
share reached QR4.86, versus QR4.63 in the corresponding period
of 2017.
The Group’s Comments:
Qatar International Islamic
Bank’s total income from its operating activities increased by
14.4% to QR1.58 billion, of which QR1.46 billion was from
financing activities. The bank’s total expenses increased by
7.8% to QR382 million. The share of unrestricted owners in
profits increased by 27.2% to QR415.2 million (although the
balance of such deposits decreased by 2.3% to QR25.6 billion).
As a result, net profit attributable to shareholders increased
by 5% to QR735.1 million.
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