Ahlibank posts QR331m net profit for first half

Doha: Ahli Bank QPSC (ABQK) announced a net profit of QR330.7m for the first half year ended June 2022, an increase of 7.2 percent over the same period last year.   

Commenting on the results, Hassan Ahmed AlEfrangi, Ahlibank’s CEO said:  “We are pleased with our performance in the first half of the year and the Bank witnessed improvement in the financial results and key performance indicators. As the bank continues to implement its strategies and plans to deliver sustainable growth, we will continue to strive to increase market share by delivering excellence in our banking services. Ahlibank will continue to approach the markets with cautious optimism”. AlEfrangi added: “Ahlibank will continue to invest in digital and innovative technologies allowing customers to conduct their daily banking service in a simple and secure manner while providing the most personal banking experience.”

AlEfrangi further added: “In line with Qatar’s National Vision 2030, attracting talented nationals and Qatarization will remain a top priority for Ahlibank.”

Commenting on the results, Sheikh Faisal bin AbdulAziz bin Jassem Al Thani, Chairman of Ahlibank noted that the Bank is well capitalised and with strong funding position and continues to enjoy favourable ratings from the international credit rating agencies. The Chairman added, “We take this opportunity to thank our customers for their continuous loyalty towards Ahlibank, shareholders for their ongoing commitment, management and staff for all their dedication and Qatar Central Bank for their esteemed guidance and support.”