Doha: Ahlibank has announced a net profit of QR566.9m for the first nine months of 2022, showing an increase of 8.1 percent compared to QR524.5m during the same period last year.
Commenting on the results, Hassan Ahmed AlEfrangi, Ahlibank’s CEO said: “Ahlibank delivered another resilient result with strong growth in operating income and net profits. Our net profit grew by 8.1 percent mainly driven by growth in operating income”.
AlEfrangi added: “We remain focused on selective growth in corporate banking and on growing the consumer banking market share. We continue to invest in developing the Bank’s digital banking platforms in order to improve services and increase competitiveness, at the same time engagement with customers and giving them personal banking services and attention have been key differentiators for us.”
Commenting on the results, Sheikh Faisal bin AbdulAziz bin Jassem Al Thani, Chairman of Ahlibank touched on the Bank’s sustainability initiatives, commenting: “ESG is an important and integral part of our strategy. In this respect, we will be issuing our first official integrated report including sustainability report. The report provides a roadmap on our sustainability initiatives. Our approach has been based on several sustainability-related frameworks including: UN Sustainable Development Goals (SDGs), and Disclosure requirements of the Qatar Stock Exchange and the Qatar Financial Markets Authority.”
The Chairman added: “We take this opportunity to thank our customers for their continuous loyalty towards Ahlibank, shareholders for their ongoing commitment, management and staff for all their dedication and Qatar Central Bank for their esteemed guidance and support”.
