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Doha, Qatar: The Commercial Bank and its subsidiaries (the “Group”) announced yesterday its financial results for the year ended 31 December 2025.
The Group reported net profit before Pillar Two Tax of QR2,384.4m for FY 2025, down from QR3,032.1m in FY 2024. Core income momentum remained positive supported by growth in balance sheet.
The year-on-year decline in profit primarily reflected higher net provisions, increased operating expenses including IFRS 2related long term incentive scheme (LTIS) movements, and a reported loss of QR144.7m from our Turkish subsidiary including the impacts of hyper-inflation.
On a normalized basis excluding the LTIS related movements, the adjusted net profit before Pillar Two Tax for the year ended 31December 2025 is QR2,424.6m.
The Group also accrued for BEPS (Base Erosion and Profit Shifting) Pillar Two Tax, a charge of QR179.4m. The Group may benefit from certain available reliefs on the finalisation of the draft executive regulations which is now expected in 2026.
In relation to our core businesses, our retail and wealth business continues to deliver good and consistent returns. On the wholesale banking side, despite a challenging year, our lending book grew whilst we also continued our focus on transaction banking services. Our associates continued to perform well as we continue to work closely with them in the execution of their strategies. Performance at Alternatif Bank in Turkey improved at operating profit level.
The Board of Directors proposed a dividend distribution to shareholders of QR0.30 per share i.e. 30.0% of the nominal share value.
The financials and proposed dividend distribution are subject to Qatar Central Bank approval and endorsement by shareholders at the Group’s Annual General Meeting.
Sheikh Abdulla bin Ali bin Jabor Al Thani, Chairman, said, “2025 marked a year of disciplined execution and continued balance-sheet resilience across loans and investment securities. The Group delivered positive momentum in core income and asset growth, underpinned by prudent governance and robust risk management framework. Importantly, all three major credit-rating agencies affirmed Commercial Bank’s strong credit profile, reinforcing our trajectory of safe, sustainable growth and long-term value creation in alignment with Qatar National Vision 2030. With the appointment of our new Group CEO, Stephen Moss, in the second half of 2025, the Group is well positioned to build on its strong foundations and advance into the next phase of its strategy.”
Omar Hussain Alfardan, Vice Chairman and Managing Director, said, “In 2025, the Group delivered steady operating profit growth, with positive contributions from all entities. We strengthened our franchise through enhanced customer propositions, expanded fee-based income streams, and value-added services. In parallel, we advanced targeted innovation and capability building, while reinforcing our long-term commitment to sustainability and national talent development. As we enter 2026 and the next phase of our strategy, our priorities are clear: expanding resilient revenue streams, managing risk and cost control.”
Stephen Moss, Group Chief Executive Officer, commented, “Since joining Commercial Bank in August 2025, our focus has been on working to strengthen our capital efficiency, credit quality, and operational discipline. We have also been preparing for the next phase of our strategy. By engaging closely with our clients, staff, regulators, and shareholders, we have shaped a refreshed vision and strategic priorities for 2026–2030, positioning the Group for sustainable growth and long-term value creation.”
The Group has launched its refreshed 2026–2030 strategy, reinforcing its ambition to be Qatar’s banking partner of choice — creating enduring value for customers, employees, and shareholders.
Rooted in disciplined credit underwriting, provisioning, capital efficiency, and continuous innovation, the strategy aims to build a stronger, more balanced and sustainably profitable franchise, with a resilient business mix and a focus on core client segments. The Group will prioritize long-term value creation through high-quality earnings and strong credit fundamentals across the cycle.
Total assets as at December 31, 2025 reached QR192.9bn, an increase of 16.4% from December 31, 2024.
Investment securities increased by 21.3% to reach QR40.3bn, with the Group investing in high-quality market securities.
Net loans and advances to customers increased to QR104.5bn, up 14.3% due to higher corporate, government and public sector, retail lending and acceptances.
Debt securities and other borrowings in issue increased to QR13.3bn and QR27.4bn respectively, as the Group diversified its funding sources. Furthermore, customer deposits are at QR89.4bn as we focus on reducing high cost of funding, while growing low-cost deposits by 4.5%, which represents 37.0% of the total customer deposits mix.
CB Group reported a consolidated net profit after tax of QR2,204.9m for the year ended 31 December 2025, which includes a BEPS Pillar Two Tax charge of QR179.4m and a reported loss of QR144.7m from our subsidiary in Turkey, Alternatif Bank.
