Brief: Qatar's Commercial Bank H1 Profit Rises

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

17/07/2023 14:11

July 17 (Reuters) - COMMERCIAL BANK   COMB.QA :
    * H1 NET PROFIT 1.55 BILLION RIYALS VERSUS 1.43 BILLION
RIYALS
YEAR AGO 
    * AS AT END-JUNE, STRONG CAPITAL ADEQUACY RATIO OF 16.1%.
    * AS AT END-JUNE, CUSTOMER LOANS AND ADVANCES OF QAR 89.4
BILLION,
DOWN BY 11.7% FROM JUNE 2022.
    * H1 NORMALIZED OPERATING INCOME QAR 2,754.9 MILLION, UP BY
8.0% 
    * AS AT END-JUNE, CUSTOMER DEPOSITS OF QAR 76.1 BILLION,
DOWN BY
14.8% FROM JUNE 2022
    * H1 NET INTEREST INCOME FOR THE GROUP INCREASED BY 2.4% TO
QAR
1,935.0 MILLION
    * H1 NORMALIZED TOTAL OPERATING EXPENSES INCREASED BY 11.4%
TO QAR
642.0 MILLION
    * H1 SAW  INFLATION RELATED EXPENSES AS WELL AS ONE-OFF
EXPENSES
IN TURKEY

Source text for Eikon:  ID:nDSMvNmlL 
Further company coverage:  COMB.QA 

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