Qatar First Bank Net Loss Rises to QR 425.54 Million in Q3 2018

October 30, 2018

Qatar First Bank (QFB) net loss amounted to QR425.54 million, compared to QR139.60 million for the same period of the previous year, while the bank’s loss per share reached QR2.13 for the period ended 30/09/2018, versus the loss per share of QR0.70 recorded in the corresponding period of 2017.

The Group’s Comments:

QFB’s revenues increased by 12.7% to QR80.6 million, while other income stood at QR69.9 million. On the other hand, the bank’s total expenses decreased by 8.7% to QR168.7 million, and the share of restricted investment holders amounted to QR46.1 million. After deducting QR198.4 million in investment losses due to fair value, and QR111.4 million in losses on the sale of investments, etc., the result is a net loss that doubled to sit at QR425.5 million.