Doha - Mubasher: Qatari Al khaliji Bank’s board members approved 2016 budget in their meeting held on Wednesday 16 December 2015 in Doha.
The Qatar-listed bank earlier reported a net profit of QAR 466.8 million in the first nine months of 2015, with a rise of 15.3% compared to QAR 404.7 million in the same period last year.
The bank’s third-quarter profit reached QAR 164.4 million in 2015, with a rise of 13% when compared to the same period last year, while Al khaliji Frances, Al khaliji's subsidiary in Paris, made a net profit of QAR 57.4 million in Q3-15, 12% of the group’s total revenue.
Loans and advances value jumped 28% to QAR 31.7 billion in Q3-15, while the customer deposits value came to QAR 29.4 billion for the period, with a growth of 15% compared to the year-ago figures.
The bank’s capital adequacy ratio according to Basel III reached 14.7%, and the total value of bad loans reached 0.76% by the end of September 2015.
