Doha: Ahlibank has reported a net profit of QR500.78m for the first nine months of this financial year ended September 30, 2020. Total assets of the bank went up from QR42.025bn to QR48.303bn, recording a 15 percent growth from September 2019 levels.
Loans and advances went up from QR29.732bn in Q3 2019 to QR34.816bn by the end of September 30, 2020, recording a 17 percent growth from September 2019 levels. Net interest income increased by 16 percent from September 2019 levels.
Hassan Ahmed AlEfrangi, Ahlibank’s CEO said: “The Bank delivered another stable results with all key performance indicators showing positive trends.”
AlEfrangi added: “The Bank successfully completed the fourth bond issuance for $500m under its $2bn EMTN Programme in the international debt capital markets."
