Ahlibank posts QR525m net profit for first nine months of 2021
Date
10/19/2021 4:08:07 AM
(MENAFN- The Peninsula)
The Peninsula
Doha: Ahlibank has announced a net profit of QR524.54m for the first nine months of 2021.
Commenting on the results, Hassan Ahmed AlEfrangi, Ahlibank's CEO said:“The bank achieved positive and stable results with good financials indicators”.
He added:“Ahlibank continues to achieve its strategies and goals focusing on customer service and business development and spearheading its digital transformation with tech-driven solutions built to enhance the value proposition of its offerings to all sectors”.
AlEfrangi reiterated that during the first nine months of the current year, the Bank successfully completed the fifth bond issuance for $500m under the Bank's $2.0bn EMTN Programme in the international debt capital markets at a competitive coupon rate of 2 percent. This is again a vote of confidence from international and local investors in Ahlibank, he added.
Commenting on the results, Sheikh Faisal bin Abdulaziz bin Jassem Al Thani, Chairman and Managing Director of Ahlibank stated:“Ahlibank has built a strong foundation to continue tackling challenges while supporting the growth needs of its customers. We have been resilient and continue to maintain high levels of stable and long term funding with capital levels that will support and sustain the Bank's growth going forward”.
The Chairman further 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”.
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