QIIB Net Profit Rose to QR484 Million for 1^st Half of 2018

July 18, 2018

Qatar International Islamic Bank’s (QIIB) net profit amounted to QR484 million, compared to QR465 million for the same period last year, while the bank’s earnings per share recorded QR3.20 in the first half of 2018, versus QR3.07 in the corresponding period of 2017.

The Group’s Comments:

QIIB’s total income increased by 14.8% during the first 6 months of 2018, compared to the corresponding period of 2017. The bank’s total expenses increased by 6.63% to QR252.6 million, of which QR81.9 million went to personnel costs, and QR85.4 million were spent on financing costs. Shareholders' share of profits rose by 31.8% to QR270.5 million, an increase of only 18.5%. As a result, the net profit increased 4% to QR484 million.