(The Group’s Comments) Ahli Bank's Net Profit Rises 1.24% to QAR 544.54 Million in the third quarter of 2019

Ø  Profits: amounted to QAR 544.54 million for the period ended 30 September 2019, an increase of 1.24%, compared to QAR 537.85 million, while earnings per share of reached QAR 0.235 versus QAR 0.232 for the corresponding period of 2018. As for the third quarter, the bank bosted a profit of QAR 185.27 million, compared to QAR 184.61 million for the same period in 2018.

Ø  Operating Income: increased by 3.13 % to about QAR 820.96 million in this period, compared to QAR 796.01 million for the same period in 2018. Although net interest income dropped by QAR 17 million to QAR 607.6 million, the increase in net commissions by about QAR 17.3 million, the revenues from investment operations by QAR 28.75 million, and the improvement in foreign currency earnings by QAR 7.6 million made up for the drop.

Ø  Expenses: increased by 7% to about QAR 276.4 million, compared to QAR 258.2 million for the same period last year, due to the rise in the item of losses of lower loans and advances to customers to QAR 52.2 million, compared to QAR 29.6 million for the corresponding period of 2018.

Ø  Comprehensive Income: Ahli Bank recorded an assessment profit in the statement of comprehensive income of about QAR 9.74 million, versus a loss of QAR 6.06 million for the same period of the previous year.

Ø  Non-performing loans ratio stood at 1.66% of the total loan portfolio compared to 1.69% for the same period in 2018, and the ratio of loans to deposits settled at 119%.