Commercial Bank of Qatar posts first-half net profit down almost 20%

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

16/07/2025 16:39

July 16 (Reuters) - The Commercial Bank of Qatar COMB.QA on Wednesday reported first-half net profit down 19.7% at 1.26 billion Qatari riyals ($345.93 million).

The Doha-based private sector lender, which specialises in retail and wholesale banking, attributed the decline to losses at its Turkish subsidiary, Alternatif Bank, and changes related to a long-term incentive scheme.

The bank will not distribute an interim dividend for the period to June 30 this year, the bank's statement said.

Net operating income also fell year on year, dropping to 2.25 billion riyals from 2.49 billion riyals in the first half of 2024.

($1 = 3.6424 Qatar riyals)

 (Reporting by Luke Tyson
Editing by David Goodman)

 ((Luke.Tyson@thomsonreuters.com;))