Ahli Bank records QR177.5m net profit for Q1

DOHA:  Ahli Bank QSC (ABQK) announced a net profit of QR177.5m for the first three months of 2019, an increase of 0.8 percent or QR1.3m over the same period last year.

Commenting on the results, Sheikh Faisal bin AbdulAziz bin Jassem Al Thani, Chairman and Managing Director of Ahlibank stated, “I am pleased to announce that the Bank started the year 2019 with a profit growth and steady performance across the board. The Bank is well capitalised with a capital adequacy ratio of 18 percnet, which is well above the regulatory requirements. Ahlibank continues to enjoy favourable Ratings from the top international Credit Rating agencies. During the first quarter, the Bank made significant progress in gathering customer deposits and liquidity. Loans and advances also grew steadily to add strength to our relentless focus on adding value to our shareholders on a sustainable basis.” The Chairman added, “I would like to thank everyone who has contributed to these good results. I also want to thank Qatar Central Bank for their leadership, guidance and support.”