Chairman of the Board H E Sheikh Mohammed bin Hamad bin Qassim Al Thani (left) and Acting Chief Executive Officer Omar Al Emadi.
Doha, Qatar: AlRayan Bank yesterday released its consolidated financial statements for the nine-month period ended September 30, 2026 with net profit attributable to the equity holders of the bank of QR978m.
Chairman of the Board H E Sheikh Mohammed bin Hamad bin Qassim Al Thani commented: “The Group continued to build on its strong foundations during the nine months of 2026, demonstrating the resilience of our diversified franchise in a challenging regional environment. Total assets reached QR184.4bn, while financing assets and cus-tomer deposits increased YoY, reflecting the continued trust of our customers. Our capital, liquidity and asset quality positions remain strong, providing a solid foundation for sustainable growth.
Our strategic priorities remain focused on disciplined growth, customer excellence and innovation. Under our LEAD strategy, we are now scaling execution across our priority areas, with early results reflected in a stronger funding base and an improving financing mix. By maintaining a disciplined approach to growth, risk management and execution, we remain well positioned to create long-term value for our shareholders and support the economic development of Qatar.”
Commenting on nine month financials, Acting Chief Executive Officer Omar Al Emadi said: “AlRayan Bank continued to make steady progress during the nine months of 2026, supported by growth in our financing portfolio, investments and customer deposits, together with continued improvement in asset quality. Customer deposits increased by 8% YoY to QR122.8bn, financing assets grew 2% to QR115.9bn, investment securities grew 8% to QR50.3bn, and our NPF ratio improved to 5.08%. We continue to hold strong liquidity and capital positions, with a capital adequacy ratio of 25.6%, a liquidity coverage ratio of 157.2% and a net stable funding ratio of 110.3%. This gives us a solid foundation to navigate through the challenging operating environment while we accelerate execution of our LEAD strategy and create value for our customers and shareholders.
While profitability during the period was impacted by lower fee income, lower recoveries and the introduction of the global minimum tax, our underlying fundamentals remain strong. Our core banking business continued to perform well. Net financing and investment income grew 1% YoY, and 7% in the third quarter, supported by greater pricing discipline. Our CASA ratio rose 2.7ppts to 20.1%, strengthening our funding base. During the quarter, we achieved another milestone in our digital transformation journey with the launch of the AlRayan Corp Mobile App, enhancing convenience, efficiency and secure banking services for our corporate customers.
We will continue to pursue sustainable growth while maintaining disciplined risk management, operational efficiency and a strong focus on delivering long-term value for the Bank.”
Net operating income for nine months of 2026 amounted to QR2,439mn, a 10% decline YOY despite a modest improvement in net financing and investment income, due to a decline in fee and other income. Core operating income, excluding recoveries, fell more mod estly by 2% YoY to QR2,298m in nine months of 2026.
Net financing and investment income was up 1% to QR1,866m. The net profit margin for 9M 2026 stood at 1.48%, declining by 5bps YoY, while average income-earning assets rose 4.7% YoY to QR168.3bn.
On a quarterly basis, the net profit margin stood at 1.49%, up 4bps YoY. Total assets as of September 30, 2026 amounted to QR184,449m, a 5% increase from September 30, 2025. Financ-ing assets increased by 2% YoY to QR115,934m, mainly from Corpo rates and International operations.
