(The Group’s
Comment) Masraf Al Rayan Net Profit Rises by 1.2% to QAR 1.65
billion in the 3rd
Qarter 2019
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Profits: Profits for the first 9 months of 2019 amounted to QAR 1653.4
million compared to QAR 1631.9 million, a percentage growth of
1.32%. Earnings per share amounted QAR 0.220 versus QAR 0.218.
Concerning the 3rd quarter profits the Bank
registered a profit of QAR 577.2 million compared to QAR 567.9
million for the same quarter last year 2018.
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Operational revenues: Total revenues under this item amounted to QAR 3895.6 million
compared to QAR 3662.1 million, a growth of QAR 233.5 million
representing an increase percentage of 6.38%. The increase is
substantially resulted from the Bank’s core activities
(Financing and Investment).
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Expenses: increased by 7.5%, an amount of QAR 80.0 million, a result of the
increase in cost of financing by QAR 63.0 million along-with the
cost of employees by QAR 14 million.
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Assets: Financing assets increased by 4.11% compared to the same period
last year 2018. Also, the balances of the investments accounts
holders has increased by 4.11%. Financing assets constitute the
main source of revenues by 71.9% of the total assets of the
Bank.
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