Brief: Qatar's Commercial Bank H1 Profit Rises

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

24/07/2022 13:30

July 24 (Reuters) - COMMERCIAL BANK  COMB.QA :
    * ANNOUNCES NET PROFIT OF QAR 1,432.3 MILLION FOR HALF YEAR
ENDED
30 JUNE 2022, UP 7.9% COMPARED TO SAME PERIOD LAST YEAR
    * INTEREST INCOME FOR THE GROUP INCREASED BY 10.0% TO QAR
1,956.2
MILLION FOR THE SIX MONTHS ENDED 30 JUNE 2022
    * H1 NORMALIZED OPERATING INCOME OF QAR 2,551.8 MILLION, UP
BY
11.7% (+7.8% ON REPORTED BASIS)
    * AS AT END-JUNE, CUSTOMER LOANS AND ADVANCES OF QAR 101.2
BILLION, UP BY 0.6% FROM JUNE 2021 AND UP 2.9% FROM MARCH 2022
    * AS AT END-JUNE, CUSTOMER DEPOSITS OF QAR 89.3 BILLION, UP
BY
8.5% FROM JUNE 2021 AND UP 5.7% FROM MARCH 2022
    * AS AT END-JUNE, CAPITAL ADEQUACY RATIO OF 17.5%

Further company coverage:  COMB.QA 

 ((Reuters.Briefs@thomsonreuters.com;))