Mubasher: Qatar International Islamic Bank’s (QIIB) investments jumped 28.1% to QAR 15.4 billion ($4.25 billion) by the end of first half of 2018, CEO Abdulbasit Al Shaibei said.
QIIB’s total revenues increased by 14.7% to QAR 1.04 billion in H1-18, from QAR 910 million during H1-17, Al Shaibei added, according to a statement to the Qatar Stock Exchange (QSE) on Wednesday.
Qatar's third-largest listed Islamic bank by assets posted a 0.88% profit hike to QAR 230.75 million in Q2-18 early on the day, while the lender's profit rose 4%, to QAR 483.97 million the period between January to June.
Total assets increased 3.7% to QAR 47.6 billion by the end of H1-18, from QAR 45.9 billion in the year-ago period, while investments surged 28.1% to QAR 15.4 billion during the same period.
“QIIB’s capital adequacy ratio (under Basel III) reached 15.91%, which confirms the Bank's solid position and its ability to cope with various market risks,” the CEO further noted.
By the end of Wednesday's trading session, QIIB’s stock levelled up 1.85% to QAR 55.60, after 129,750 shares were exchanged, generating a turnover of QAR 7.18 million.
