Qatar Islamic Bank Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
October 21, 2015 at 01:55 pm EDT
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Qatar Islamic Bank reported earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net profit attributable to shareholders of the bank of QAR 515.24 million, or QAR 2.18 per share, compared to QAR 404.85 million, or QAR 1.71 per share, for the same quarter ended September 30, 2014. Total income was QAR 1.20 billion, compared to QAR 884.09 million for the same quarter ended September 30, 2014.
For the nine months, the company reported net profit per share attributable to shareholders of the bank was QAR 5.97 compared to QAR 4.78 for the same period ended September 30, 2014.
Qatar Islamic Bank QPSC is a Qatar-based banking institution. The Bank is primarily involved in corporate, retail and investment banking in accordance with Islamic sharia rules as determined by sharia supervisory board of the Bank, and has over 26 branches in Qatar and a branch in Sudan. The Bank operates under the following segments: Corporate Banking, which includes services offered to institutional investors, corporate, small and medium enterprises, financial institutions and investment vehicles; Personal Banking, which includes services that are offered to individual customers through local branches of the bank which includes checking and savings accounts, credit cards, personal lines of credit and mortgages, among others; Group Function, which includes treasury, investment, finance and other central functions, as well as Local and International Subsidiaries. The Bank is a subsidiary of Qatar Islamic Bank QPSC.
QATAR ISLAMIC BANK (Q.P.S.C.) 
