Doha – Mubasher: Al Khaliji Commercial Bank(al khaliji) reported a net profit of QAR 625.5 million ($171.60 million) for 2015, up 11.1% from QAR 562.9 million ($154.43 million) in 2014.
“These results are an indication of a successful implementation of a sound strategy. al khaliji’s progression is a reflection of Qatar’s financial prominence and ability to overcome challenges,” said Chairman Sheikh Hamad Bin Faisal Bin Thani Al Thani.
The bank’s net operating income for the full year reached QAR 1.14 billion, a rise of 12.9% year-on-year. This rise was driven mainly by a 23.3% growth in net interest income that stood at QAR 924.2 million by the end of 2015 and QAR 190.4 million in net fees and commissions income for the same period.
