Brief: Qatar's Commercial Bank FY Profit Rises

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

24/01/2023 12:20

Jan 24 (Reuters) - COMMERCIAL BANK  COMB.QA :
    * FY NET PROFIT 2.81 BILLION RIYALS VERSUS 2.30 BILLION
RIYALS
YEAR AGO
    * BOARD PROPOSED A DIVIDEND DISTRIBUTION QAR 0.25 PER SHARE
I.E.
25% OF NOMINAL SHARE VALUE
    * FY NORMALIZED OPERATING INCOME OF QAR 5,298.4 MILLION, UP
BY
11.0% (+3.8% ON REPORTED BASIS)
    * AS AT END-DEC, CAPITAL ADEQUACY RATIO OF 17.3%
    * CUSTOMER LOANS AND ADVANCES REMAINED FLAT AT QAR 98.0
BILLION,
AS OF DEC END
    * AS AT END-DEC, CUSTOMER DEPOSITS OF QAR 83.2 BILLION, UP
BY 1.5%
    * FY NET INTEREST INCOME FOR THE GROUP INCREASED BY 10.9% TO
QAR
4,106.0 MILLION
    * FY NET PROVISIONS FOR LOANS AND NPLS UP BY 7.3 %
    * FY NORMALIZED COST TO INCOME RATIO OF 21.6%

Source text for Eikon:  ID:nDSM96StqT 
Further company coverage:  COMB.QA 
 ((Reuters.Briefs@thomsonreuters.com;))