{"id":185905,"date":"2021-01-28T19:06:11","date_gmt":"2021-01-28T19:06:11","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=185905"},"modified":"2021-01-28T19:06:18","modified_gmt":"2021-01-28T19:06:18","slug":"qatari-al-khaliji-bank-profits-rose-by-5-7-in-2020","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/qatari-al-khaliji-bank-profits-rose-by-5-7-in-2020\/","title":{"rendered":"Qatari Al Khaliji Bank profits rose by 5.7% in 2020"},"content":{"rendered":"\n

The Qatari Al Khaliji Bank<\/a> achieved gains of QR683 million, recording an increase of 5.7% year-on-year, in 2020, with a return of 0.17 riyals per share.<\/p>\n\n\n\n

Al Khaliji attributed this growth to the increase in net operating income by 22% to QR1.43 billion.<\/p>\n\n\n\n

The net interest income was about QR1.3 billion of net operating income.<\/p>\n\n\n\n

According to bank data, loan and advances provisions in 2020 increased by 86%, amounting to QR360 million riyals, compared to QR193 million in 2019.<\/p>\n\n\n\n

Dividends <\/strong><\/h5>\n\n\n\n

The bank’s board of directors recommended the general assembly to distribute cash dividends of 5.6% of the nominal value by 0.056 riyals. This is a total of QR202 million, a 25% decline compared to 2019.<\/p>\n\n\n\n

Al Khaliji profits reached QR139.5 million in the last quarter of 2020. This is a decrease of 6.4% compared to the fourth quarter of 2019.<\/p>\n\n\n\n

Last October, QGB’s net profits increased by 9% year-on-year, during the third quarter of 2020.<\/p>\n\n\n\n

Al Khaliji said it recorded a net profit of QR543.5 million in the financial period ending on September 30. The bank recorded QR497.3 million in the same period of 2019.<\/p>\n\n\n\n

Earnings per share in the third quarter of 2020 was 0.15 Qatari riyals. This is compared to 0.14 Qatari riyals per share For the same period in 2019.<\/p>\n\n\n\n

The profits of Al Khaliji in the second quarter of 2020 increased by 4.78% year on year.<\/p>\n\n\n\n

Fitch <\/a>and Moody’s affirmed Al Khaliji at “A” with a stable outlook.<\/p>\n\n\n\n

The bank’s deposits are rated at (A3\/Prime-2) with a stable outlook, respectively.<\/p>\n\n\n\n

According to Fitch, entities and institutions that fall into the “A” category are characterized by high asset quality and high levels of profitability.<\/p>\n\n\n\n

Related:<\/strong><\/p>\n\n\n\n

Qatar Islamic Bank Profits Grow In 2020 Despite COVID<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Qatari Al Khaliji Bank achieved gains of QR683 million, recording an increase of 5.7% year-on-year, in 2020, with a return of 0.17 riyals per share. Al Khaliji attributed this growth to the increase in net operating income by 22% to QR1.43 billion. The net interest income was about QR1.3 billion of net operating income. […]<\/p>\n","protected":false},"author":4,"featured_media":185907,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[189,684],"class_list":["post-185905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-banks","tag-qatar"],"yoast_head":"\nQatari Al Khaliji Bank profits rose by 5.7% in 2020 - Bnreport<\/title>\n<meta name=\"description\" content=\"Bnreport - Finance - The Qatari Al Khaliji Bank achieved gains of QR683 million, recording an increase of 5.7% year-on-year, in 2020.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/qatari-al-khaliji-bank-profits-rose-by-5-7-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qatari Al Khaliji Bank profits rose by 5.7% in 2020 - 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