Qatar’s listed banks weather blockade storm - The Peninsula Qatar

Qatar’s listed banks weather blockade storm - The Peninsula Qatar:

"The combined profit of Qatar’s listed banks rose by 6.7 percent to QR21.29bn in 2017, on year-on- year. The banks’ assets increased 9.7 percent to 1.4 trillion during the period, as they stood firm and weathered the blockade storm. Among the country’s eight listed banks, the banking powerhouse QNB recorded the maximum net profit for the year by posting QR13.12bn, followed by QIB (QR2.4bn) and Masraf Al Rayan (QR2.02bn). Doha Bank recorded QR1.1bn, while QIIB reported QR832m and Commercial Bank delivered QR604m, up from the previous year’s QR501m, showed KPMG’s banking results snapshot for the year 2017. In terms of growth in assets, QNB led the pack by increasing its assets by 12.7 percent to QR811bn, from the previous year’s QR719bn. Masraf Al Rayan’s assets rose to QR102.9bn, up from QR91 bn, recording a 12.5 percent increase. QIIB’s assets increased by 9.6 percent to QR46.6bn, while QIB saw a 7.5 percent growth. Commercial Bank posted 6.2 percent increase and Doha Bank recorded 3.5 percent growth on year-on-year."



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