The Group Securities: Overview of the Key
Indicators of Consolidated Financial Statements of Qatari Banks
Listed on Qatar Stock Exchange for H1 2019
Doha, August 04, 2019
The Group Securities presents its review of the key indicators of
the consolidated financial statements of Qatari banks listed on
Qatar Stock Exchange for the first half of 2019, as reflected in
the financial statements for the period ended 30/06/2019, namely
net consolidated profit, net interest margin, loan portfolio
growth, customer deposits, capital adequacy, and non-performing
loans. The chart published in this report summarizes the key
indicators of the consolidated financial statements of Qatari
banks listed on the Qatar Exchange for the first half of 2019.
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The net consolidated profit of
Qatari banks climbed by 4.7% to reach QAR 12.55 billion for the
first half of 2019, compared to QAR 11.99 billion for the same
period last year. Qatar National Bank’s (QNB) net profit
accounted for 59% of the period’s consolidated net profit,
followed by Qatar Islamic Bank (QIB), which accounted for 11%.
The highest profit growth percentage was 10%, achieved by Doha
Bank, followed by Commercial Bank’s 9.25%.
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The average net interest margin (the
difference between the interest paid on deposits and debt
instruments to interest received on loans, investments and cash
instruments adjusted to interest bearing assets) amounted to
2.4% for the first half of 2019. QIB recorded the highest by
3.7%, while Al Khaliji and Commercial Bank stood at 1.8% and
1.9%, respectively.
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In terms of loans, Qatari banks
recorded an average growth rate of 1.3% in their loan portfolio
during this year’s first half. Qatar International Islamic Bank
(QIIB) recorded the highest loan portfolio growth rate at 13%,
while Al Khaliji Bank's loan portfolio declined by about 16%.
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Customer deposits average growth
rate stood at 1.4% during this first half. Ahli Bank achieved
the highest ratio at 18%, while customer deposits at Al Khaliji
Bank declined by approximately 33%.
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In terms of the quality of assets,
the banking sector’s average level of non-performing debt
amounted to about 2.5%, the lowest of which was Masraf Al
Rayan’s 0.8%, while the highest was 5.8% at Doha Bank. As for
capital adequacy (The line of defense for depositors' funds. It
measures the bank's ability to cope with potential losses. High
efficiency ratios reflects the strength of the bank's financial
position), the banking sector posted an average of about 17.7%,
the highest of which was 19.5% at Masraf Al Rayan, and the
lowest was recorded by QIIB at approximately 15%.
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