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Investor Relations
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FinancialNews
06-02-18
International Bank of Qatar records 11 percent net profit increase
(MENAFN) International Bank of Qatar (ibq) was revealed to have earned QR555.1 million net profit in 2017, an 11% increase from 2016.
The bank also scored a 13% boost in its overall operating income last year, as a result of strong transactions, careful business strategy, and a positive performance.
It has seen a 1.7% decline in deposits while loans and advances recorded a 3.4% increase year-on-year.
Ibq has also lessened 35.4% of its reliance on interbank funding from the market, seeing that it needed no extra liquidity.
MENAFN0602201800450000ID1096435156
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