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Qatar Islamic Bank Net Profit Rises to QR2
Billion in Q3 2018
October 18, 2018
Qatar Islamic Bank (QIB) net profit amounted
to QR2 billion, compared to QR1.77 billion for the same period
last year, while the bank’s earnings per share recorded QR8.49,
versus QR7.51 for the corresponding period of 2017.
The Group’s Comments:
QIB's revenues for the nine months ended on
30/9/2018 rose by 8.2% to QR5.1 billion, of which QR4.53 billion
generated from financing and investments, while total expenses
increased by 4.4% to QR1,040.6 million, of which QR482.7 million
went to staff costs. QIB’s assets recorded a decrease of QR556
million, and the share of deposit holders in profit amounted to
QR1547.6 million, an increase of 17.2% compared to the
corresponding period of 2017, although the balance of these
deposits increased by only 3.5%. As a result, the bank’s net
profit increased by 13% to QR 2,005 million.
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