Ahlibank’s total assets are valued at QR32.2bn  (Right): Sheikh Faisal: Consistent performance.

Ahlibank Qatar reported a 10% year-on-year growth in net profit to QR505.68mn during January-September this year with its retail and private banking expanding faster than the corporate division.
In absolute terms, corporate banking, treasury, investments and brokerage’s reportable profit was QR419.86mn, which was 83% of net profit and retail and the share of private banking and wealth management was QR85.82mn, or 17%.
In terms of growth, retail, private banking and wealth management’s reportable segment profit soared 13% and that of corporate banking, treasury, investment and brokerage by 10%, according to its financial statement filed with the Qatar Stock Exchange.
Net interest income rose 4% to QR570.7mn and net non-interest earnings grew faster at 29% to QR182.6mn.
Among non-interest earnings, net fee and commission income was up 7% to QR113.27mn, foreign exchange gains by 34% to QR19.03mn, other operating income by 40% to QR4.83mn and income from investment securities more than doubled to QR45.47mn. Thus, total operating income grew 9% to QR753.3mn.
“On the strength of the bank’s various business initiatives, we delivered another consistent performance,” Ahlibank chairman and managing director Sheikh Faisal bin Abdulaziz bin Jassem al-Thani said.
Highlighting that the bank focused on increasing stable funding, he said as a result, its medium-term borrowings now accounts for 7.2% of total liabilities.
Total assets were valued at QR32.2bn, comprising loans and advances of QR22.43bn to customers, investments of QR4.57bn in securities, due of QR2.96bn from banks and cash and balances with central bank valued at QR1.62bn.
Return on average assets remained steady at 2.2%, despite the increase in balance sheet size.
Reportable assets of corporate banking, treasury, investments and brokerage stood at QR26.44bn, or 82% of total assets, and those of retail, private banking and wealth management at QR5.76bn or 18%.
In terms of growth, reportable assets of retail, private banking and wealth management grew more than 7% and those corporate banking, treasury, investments and brokerage by more than 5%.
Non-performing loans ratio improved to 1.16% as of September 2015 from 1.22% in the year-ago period, reflecting strong asset quality and despite 11% y-o-y growth in total loans and advances.
Total equity stood at QR4.43bn on a capital base of QR1.82bn and earnings-per-share was QR2.78 at the end of nine-month period ended September 30, 2015. Return on average equity stood at an impressive 16% for the first nine months of 2015.