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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Qatar National Bank posts 8 percent jump in net profit to $2.83bn in 9 months of 2021

The bank set aside 4.5 billion riyals for loan loss provisions.
  • Loans and advances grew 7% in the period while total assets rose 10% to 1,084 billion riyals, it said in a statement
  • Operating income in the first nine months of 2021 grew by 8% to 20.7 billion riyals, it said

Qatar National Bank (QNB), the Gulf’s biggest lender, posted an 8 percent increase in nine-month net profit to $2.83 billion, citing loan growth.

Loans and advances grew 7% in the period while total assets rose 10% to 1,084 billion riyals, it said in a statement.

The bank also said its drive for “operational efficiency” resulted in cost savings and combined with the improved revenue, helped improve the cost to income ratio to 22.5% from 24.2%.

Operating income in the first nine months of 2021 grew by 8% to 20.7 billion riyals, it said.

QNB said its non-performing loans ratio amounted to 2.3% as of Sept. 30, adding that was one of the lowest ratios among financial institutions in the Middle East and Africa.

The bank set aside 4.5 billion riyals for loan loss provisions, increasing its coverage ratio to 112%.

QNB, which serves more than 20 million customers, is 50% owned by Qatar’s sovereign wealth fund, the Qatar Investment Authority.