+ A
A -
Tribune News Network
Doha
Qatar Islamic Bank (QIB) was named Best Performing Bank in Qatar for 2021 by The Banker Magazine, part of Financial Times group, based on its 2020 financial results and key performance indicators.
QIB’s ranking reflects its solid performance and stability, as well as its ability to withstand business continuity considering the COVID-19 pandemic, and its success in maintaining its longstanding position as Qatar’s largest private bank, the largest Islamic bank in the country, and a leading Islamic bank regionally.
The Banker’s Best Performing Bank selection and rankings include eight different categories: growth, profitability, operational efficiency, asset quality, and return on risk, liquidity, soundness, and leverage.
Commenting on this latest recognition, QIB Group CEO Bassel Gamal said, “We are pleased that the Bank’s exceptional performance has been recognized by The Banker Magazine. It reflects QIB’s sustainable business growth and sound financial performance and comes at a time that we have signified our customer-centric approach by supporting all our individual, SMEs and corporate customers to navigate through the financial hurdles imposed by the global pandemic.”
Bassel said, “At QIB, we are committed to keeping on contributing to the evolution of the banking industry in Qatar with innovative digital-driven products and sustainable banking solutions.”
Rated ‘A1’, ‘A-/A-2’ and ‘A’ by Moody’s, S& P and Fitch with stable outlooks, QIB has recently announced the results for the period ended 30 June 2021. Net Profit attributable to the shareholders of the bank amounted to QR1.595 billion for the period ended June 30 this year, representing a growth of 11.8 percent over the same period in 2020.
Total assets of the bank have increased by 5.4 percent compared to December 2020 and 10.9 percent compared to June 2020 and now stands at QR184 Billion driven by the continued growth in the financing activities. Financing activities have now reached QR127 billion having grown by 6.7 percent compared to December 2020 and up by 13.2 percent compared to June 2020.
Customer deposits of the bank now stand at QR125 billion registering a growth of 6.1 percent compared to December 2020 and up by 17.6 percent compared to June 2020.
Doha
Qatar Islamic Bank (QIB) was named Best Performing Bank in Qatar for 2021 by The Banker Magazine, part of Financial Times group, based on its 2020 financial results and key performance indicators.
QIB’s ranking reflects its solid performance and stability, as well as its ability to withstand business continuity considering the COVID-19 pandemic, and its success in maintaining its longstanding position as Qatar’s largest private bank, the largest Islamic bank in the country, and a leading Islamic bank regionally.
The Banker’s Best Performing Bank selection and rankings include eight different categories: growth, profitability, operational efficiency, asset quality, and return on risk, liquidity, soundness, and leverage.
Commenting on this latest recognition, QIB Group CEO Bassel Gamal said, “We are pleased that the Bank’s exceptional performance has been recognized by The Banker Magazine. It reflects QIB’s sustainable business growth and sound financial performance and comes at a time that we have signified our customer-centric approach by supporting all our individual, SMEs and corporate customers to navigate through the financial hurdles imposed by the global pandemic.”
Bassel said, “At QIB, we are committed to keeping on contributing to the evolution of the banking industry in Qatar with innovative digital-driven products and sustainable banking solutions.”
Rated ‘A1’, ‘A-/A-2’ and ‘A’ by Moody’s, S& P and Fitch with stable outlooks, QIB has recently announced the results for the period ended 30 June 2021. Net Profit attributable to the shareholders of the bank amounted to QR1.595 billion for the period ended June 30 this year, representing a growth of 11.8 percent over the same period in 2020.
Total assets of the bank have increased by 5.4 percent compared to December 2020 and 10.9 percent compared to June 2020 and now stands at QR184 Billion driven by the continued growth in the financing activities. Financing activities have now reached QR127 billion having grown by 6.7 percent compared to December 2020 and up by 13.2 percent compared to June 2020.
Customer deposits of the bank now stand at QR125 billion registering a growth of 6.1 percent compared to December 2020 and up by 17.6 percent compared to June 2020.
