Brief: Qatar's Commercial Bank Nine-Month Profit Up 84.7%

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

24/10/2021 13:51

Oct 24 (Reuters) - COMMERCIAL BANK PSQC  COMB.QA :
    * NINE-MONTH NET PROFIT 2.13 BILLION RIYALS VERSUS 1.15
BILLION
RIYALS YEAR AGO
    * NINE-MONTH NET INTEREST INCOME INCREASED BY 17.5% TO 2.73
BILLION RIYALS 
    * AS OF END-SEPT,CAPITAL ADEQUACY RATIO OF 18.3% COMPARED TO
17.4%
IN SEPTEMBER 2020
    * AS OF END-SEPT, CUSTOMER LOANS AND ADVANCES OF 101.1
BILLION
RIYALS, UP BY 11.8%
    * GROUP’S CUSTOMER DEPOSITS INCREASED BY 10.3% TO 80.7
BILLION
RIYALS ON 30 SEPTEMBER 2021
    * GROUP’S NET PROVISIONS FOR LOANS AND ADVANCES INCREASED BY
14.1%
TO 556.0 MILLION RIYALS FOR NINE MONTHS, FROM 487.1 MILLION
RIYALS IN SAME PERIOD IN 2020
    * NON-PERFORMING LOAN (NPL) RATIO DECREASED TO 4.0% ON 30
SEPTEMBER 2021 COMPARED TO 4.8% IN SAME PERIOD IN 2020
    * LOAN COVERAGE RATIO WAS AT 115.9% ON 30 SEPTEMBER 2021

Further company coverage:  COMB.QA 

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