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FinancialNews


  • 19-01-20

    Ahlibank's net profit increases in 2019

    (MENAFN) In comparison with net profit in 2018, in 2019, Ahlibank has posted a net profit of QR675.2 million which is an increase of 1.5 percent.


    Compared to December 2018, the bank's balance sheet increased 8.7 percent to QR43.9 billion; Loans and Advances rose by 14.8 percent last year to almost QR31.6 billion and in 2019, Investment Securities increased by 27.1 percent to QR7.5 billion.


    In 2019, Ahlibank's customer deposits increased 17.2 percent to QR25.5 billion and Cost-to-income ratio for 2019 enhanced to 27.3 percent in comparison with 28.1 percent in 2018 "reflecting efficient management" of the bank's processes.


    The Return on Average Assets (ROAA) and Return on Average Equity (ROAE) stayed unchanged at 1.7 percent and 11.9 percent respectively, regardless of a raise in balance sheet size and equity base.

    MENAFN1901202000450000ID1099572042

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