Ahli Bank Net Profit Rises 4% to QR 537.84 Million in Q3 2018

October 21, 2018

Ahli Bank net profit amounted to QR537.84 million, compared to QR518.14 million for the same period last year, while the bank’s earnings per share reached to QR2.56, versus QR2.46 for the corresponding period of 2017.

The Group’s Comments:

Ahli Bank’s total operating income for the nine months ended on 30/09/2018 increased by 2.4% to QR796 million, while its total expenses decreased by 1% to QR258.2 million. The bank’s net profit until end of third quarter increased by 3.8% to QR537.8 million. It should be noted that there was a negative change in the fair value of QR6 million, all resulted in the decrease of the comprehensive income to QR531.8 million, compared to QR513.2 million in the corresponding period of last year.