Ahlibank posts net profit of QR205m in Q1

Ahli Bank Q.P.S.C. (ABQK) announced a net profit of QR205m for the first three months of 2023, an increase of 6.9 percent over the same period last year.

Ahlibank’s CEO Hassan Ahmed AlEfrangi said: “The bank has delivered a steady financial performance for the first quarter of 2023.

We are embarking on our ambitious strategy with the aim of growing our business and deepening relationships with our customers, meeting more of their financial needs.” AlEfrangi added: “Our purpose-driven strategy with focus on business development initiatives, technology and digitisation programmes is more relevant now with the recent announcement of the QCB Fintech sector strategy in support of the Qatar National Vision 2030. We are excited about the opportunities ahead.” Chairman of Ahlibank Sheikh Faisal bin AbdulAziz bin Jassem Al Thani,said: “I am pleased to announce that the bank started the year 2023 with this continued strong performance despite global headwinds and demonstrates that we are heading on the right trajectory with our chosen strategy”.

The Chairman further 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.”