Brief: Commercial Bank 9-Month Profit Rises

The Commercial Bank (P.S.Q.C.)

19/10/2022 13:10

Oct 19 (Reuters) - COMMERCIAL BANK  COMB.QA :
    * NINE-MONTH NET PROFIT 2.20 BILLION RIYALS VERSUS 2.13
BILLION
RIYALS YEAR AGO
    * CUSTOMER LOANS AND ADVANCES OF QAR 98.4 BILLION, DOWN BY
2.6% AS
OF END-SEPT
    * NINE-MONTH NET LOAN PROVISIONS OF QAR 706.5 MILLION, UP BY
27.1%
MAINLY ON ACCOUNT OF CONTINUED PRUDENT PROVISIONING
    * NINE-MONTH NORMALIZED OPERATING INCOME 3.8 BILLION RIYALS,
UP
9.5 %
    * AS AT END-SEPT, CUSTOMER DEPOSITS OF QAR 86.2 BILLION, UP
BY
6.9%
    * NET INTEREST INCOME FOR GROUP INCREASED BY 10.5% TO QAR
3,016.7
MILLION FOR THE NINE MONTHS

Source: (https://bit.ly/3MGwMTP)
Further company coverage:  COMB.QA 
 ((Reuters.Briefs@thomsonreuters.com;))