Doha, UAE – The Commercial Bank, a Qatari public shareholding company, experienced an 8.5 percent upswing in net profit, reaching $421.38 billion in the first half of 2023, compared to a net profit of QR 1,432 billion ($388.32 billion) for the same period last year.
The figures issued by the bank and published on the Qatar Stock Exchange (QSE) website showed an increase in the earnings per share (EPS) of QR 0.37 ($0.10) in the first half of 2023, compared to the EPS of QR 0.34 ($0.09) for the same period of the previous year.
On the other hand, the financial statement of Masraf Al Rayan revealed a decline in net profits by 24 percent, to QR 764,641 million ($207.12 million) in the first half of 2023, compared to QR 999,906 million ($270.23 million) in the same period last year.
The figures issued by the bank also showed a decline in EPS to QR 0.082 ($0.022) in the period ending on June 30, 2023, compared to QR 0.108 ($0.029) in the same period of the year 2022.
