Doha Bank (Q.P.S.C.)
Interim condensed consolidated financial information
30 June 2023
Doha Bank Q.P.S.C.
Interim condensed consolidated financial information
CONTENTS | PAGE(S) |
Independent auditor's review report | 1 |
Interim condensed consolidated statement of financial position | 2 |
Interim condensed consolidated income statement | 3 |
Interim condensed consolidated statement of comprehensive income | 4 |
Interim condensed consolidated statement of changes in equity | 5 |
Interim condensed consolidated statement of cash flows | 6 |
Notes to the interim condensed consolidated financial information | 7-23 |
Review report on the interim condensed consolidated financial information to the board of directors of Doha Bank Q.P.S.C.
Introduction
We have reviewed the accompanying interim condensed consolidated statement of financial position of Doha Bank Q.P.S.C. (the "Parent") and its subsidiaries (together "the Group") as at 30 June 2023 and the related interim condensed consolidated income statement and interim consolidated statement of comprehensive income for the three month and six month periods then ended, and the related interim condensed consolidated statements of changes in equity and cash flows for the six month period then ended and other explanatory notes. Management is responsible for the preparation and presentation of this interim condensed consolidated financial information in accordance with International Accounting Standard 34, 'Interim Financial Reporting' ('IAS 34') as issued by the International Accounting Standard Board (IASB). Our responsibility is to express a conclusion on this interim condensed consolidated financial information based on our review.
Scope of Review
We conducted our review in accordance with International Standard on Review Engagements 2410, 'Review of interim financial information performed by the independent auditor of the entity'. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial information is not prepared, in all material respects, in accordance with IAS 34.
For and on behalf of PricewaterhouseCoopers - Qatar Branch
Qatar Financial Market Authority registration number 120155
Waleed Tahtamouni
Auditor's registration number 370
Doha, State of Qatar
26 July 2023
PricewaterhouseCoopers - Qatar Branch, P.O.Box: 6689, Doha, Qatar
Ministry of Commerce and Industry License number 6 / Qatar Financial Markets Authority License number 120155
T: +974 4419 2777, F:+974 4467 7528, www.pwc.com/me | 1 |
Doha Bank Q.P.S.C.
(All amounts are expressed in '000 Qatari R�ya/s unless otherwise stated)
30June | 31 December | 30 June | |||||
2023 | 2022 | 2022 | |||||
o!c� | nandited | Audited | (Unaudited) | ||||
Assets | 3,413,340 | 3,668,161 | |||||
Cash and balances with central banks | � | 5,554,823 | |||||
Due from banks | 6,424,615 | 8,650,888 | 6,561,577 | ||||
Loans and advances to customers | X | 55,794,975 | 58,078,974 | 60,740,925 | |||
Investment securities | l) | 25,380,346 | 24,963,875 | 24,372,096 | |||
Other assets | 1,382,030 | 1,608,546 | 1,114,857 | ||||
Investment in an associate | 9.973 | 9,898 | 10,132 | ||||
Proeer�. furniture and eguiement | 6392082 | 664,649 | 672,689 | ||||
Total assets | 93,044.361 | 97.644.991 | 99,027,099 | ||||
Liabilities and Equities | |||||||
Liabilities | 21,999,198 | 19,239,053 | 16,870,138 | ||||
Due to banks | 1(1 | ||||||
Customers deposits | 11 | 44,077,638 | 50,129,735 | 53,691,975 | |||
Debt securities | 12 | 2,542,136 | 2,516,493 | 2,516,567 | |||
Other borrowings | I; | 7,474,705 | 8,891,053 | 9,706,980 | |||
Other liubilitics | 2,765-132) | 2,789,849 | 2,329,909 | ||||
Total liabilities | 7818S81998 | 83,566,183 | 5,115.569 | ||||
Equity | 1-1 | 3,100,467 | 3,100,467 | 3,100,467 | |||
Share capital | |||||||
Legal reserve | 5,095,673 | 5,095,673 | 5,094,607 | ||||
Risk reserve | 1,312,600 | 1,312,600 | 1,029,600 | ||||
Fair value reserve | (178,934) | (124,380) | (408,062) | ||||
Foreign cun-ency translation reserve | (80,231) | (81,828) | (74,162) | ||||
Retained earnings | 9352788 | 776,276 | 1,169.080 | ||||
Total equity attributable to shareholders of | 10,185,363 | 10,078,808 | 9,911,530 | ||||
the Bank | |||||||
In ·truments eligible as additional Tier I ca�ital | I 5 | 4,0002000 | 4,000,000 | 4.000.000 | |||
Total eguity | 14,1851363 | 14.078,808 | 13,911,530 | ||||
Total liabilities and egui!l;: | 93,044,361 | 97,644,991 | 99,027,099 |
The interim condensed consolidated financial information was approved by the Board of Directors on 26 July 2023 and was signed on its behalfby:
Gudni Stiholt Adalsteinsson
Acting Chief Executive Officer
Fahad Bin Mohammad Bin Jabor Al Thani | Mohammad Bin Jabor Al Thani |
Abdul Rahman Bingz | |
Chairman | Managing Director |
Independent auditor's review report is set out on page 1.
The attached notes 1 lo 21 fonn part of this inlerim condensed consolidated financial infonnation.
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Doha Bank Q.P.S.C.
(All amounts are expressed in '000 Qatari Riyals unless otherwise stated)
INTERIM CONDENSED CONSOLIDATED INCOME STATEMENT
For the three and six-month periods ended
Three months ended | Six months ended | ||||
30 June | 30 June | ||||
2023 | 2022 | 2023 | 2022 | ||
Note | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |
Interest income | 1,357,806 | 900,578 | 2,627,754 | 1,763,396 | |
Interest expense | (820,430) | (304,339) | (1,598,877) | (523,459) | |
Net interest income | 537,376 | 596,239 | 1,028,877 | 1,239,937 | |
Fee and commission income | 149,962 | 144,550 | 296,226 | 271,043 | |
Fee and commission expense | (54,778) | (50,648) | (108,962) | (96,028) | |
Net fee and commission income | 95,184 | 93,902 | 187,264 | 175,015 | |
Net income from insurance activities | 6,737 | 1,414 | 11,653 | 3,745 | |
Net foreign exchange gain | 26,230 | 36,252 | 53,345 | 75,038 | |
Net income / (loss) from investment securities | 47,783 | (20,446) | 63,387 | 33,127 | |
Other operating income | 1,710 | 4,711 | 8,602 | 10,897 | |
75,723 | 20,517 | 125,334 | 119,062 | ||
Net operating income | 715,020 | 712,072 | 1,353,128 | 1,537,759 | |
Staff costs | (133,822) | (125,145) | (260,173) | (253,117) | |
Depreciation | (22,634) | (25,785) | (45,216) | (51,284) | |
Net impairment reversal on investment securities | 2,094 | 18,478 | 6,689 | 26,302 | |
Net impairment loss on loans and advances to | |||||
customers | (267,902) | (247,122) | (471,717) | (436,366) | |
Net impairment (loss) / reversal on other financial | |||||
facilities | (677) | 5,795 | 13,115 | (3,382) | |
Other expenses | (77,103) | (74,740) | (154,639) | (152,733) | |
Total expenses and impairment | (500,044) | (448,519) | (911,941) | (870,580) | |
Profit before tax | 214,976 | 263,553 | 441,187 | 667,179 | |
Income tax expense | (31,563) | (19) | (49,140) | (2,200) | |
Profit for the period | 183,413 | 263,534 | 392,047 | 664,979 | |
Earning per share | |||||
Basic and diluted earnings per share (QR per | |||||
share) | 17 | 0.06 | 0.08 | 0.13 | 0.21 |
Independent auditor's review report is set out on page 1.
The attached notes 1 to 21 form part of this interim condensed consolidated financial information.
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Doha Bank QSC published this content on 26 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2023 13:30:06 UTC.