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    QNBK   QA0006929895

QATAR NATIONAL BANK (Q.P.S.C.)

(QNBK)
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End-of-day quote Qatar Exchange  -  05-23
20.65 QAR   -0.96%
04/20Fitch Downgrades Qatari Banks; Stable Outlook
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04/13TRANSCRIPT : Qatar National Bank (Q.P.S.C.), Q1 2022 Earnings Call, Apr 13, 2022
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04/11Qatar National Bank (Q.P.S.C.) Reports Earnings Results for the First Quarter Ended March 31, 2022
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Qatar National Bank 2021 profit up 10% driven by loan growth

01/11/2022 | 06:34am EDT

DUBAI, Jan 11 (Reuters) - Qatar National Bank, the Gulf's biggest bank by assets, on Tuesday reported a 10% increase in annual net profit driven by loan growth.

Its 2021 net profit rose to 13.2 billion riyals ($3.6 billion), QNB said in a statement, up from 12 billion a year earlier.

The bank's profit for the quarter ended Dec. 31 was 2.9 billion, according to Reuters calculations.

The results were slightly above analyst estimates, which expected the company to report about 12.7 billion, according to data from Refinitiv.

Ratings agency Fitch in October indicated it could cut the ratings of all banks in Qatar, saying it was concerned over the sector's increasing reliance on external funding and a recent rapid growth in assets.

Foreign funding was $193 billion at the end of August, Fitch said, representing 48% of the Qatari banking sector's liabilities compared with $121 billion and 38% at the end of 2018.

(Reporting by Hadeel Al Sayegh; editing by Jason Neely and Louise Heavens)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ON SEMICONDUCTOR CORPORATION -2.49% 54.5 Delayed Quote.-19.76%
QATAR NATIONAL BANK (Q.P.S.C.) -0.96% 20.65 End-of-day quote.2.28%
All news about QATAR NATIONAL BANK (Q.P.S.C.)
04/20Fitch Downgrades Qatari Banks; Stable Outlook
AQ
04/13TRANSCRIPT : Qatar National Bank (Q.P.S.C.), Q1 2022 Earnings Call, Apr 13, 2022
CI
04/11Qatar National Bank (Q.P.S.C.) Reports Earnings Results for the First Quarter Ended Mar..
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02/14QATAR NATIONAL BANK (Q.P.S.C.) : Ex-dividend day for final dividend
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01/17TRANSCRIPT : Qatar National Bank (Q.P.S.C.), Q4 2021 Earnings Call, Jan 17, 2022
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01/11Qatar National Bank (Q.P.S.C.) Reports Earnings Results for the Full Year Ended Decembe..
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01/11Qatar National Bank 2021 profit up 10% driven by loan growth
RE
01/11Qatar National Bank 2021 profit up 10% driven by loan growth
RE
01/11Qatar National Bank (Q.P.S.C.) Recommends Cash Dividend for 2021
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2021Qatar National Bank (Q.P.S.C.) Elects Ali Ahmed Al-Kuwari as Chairman of the Board of D..
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Analyst Recommendations on QATAR NATIONAL BANK (Q.P.S.C.)
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Financials
Sales 2022 30 665 M 8 423 M 8 423 M
Net income 2022 14 404 M 3 957 M 3 957 M
Net Debt 2022 - - -
P/E ratio 2022 13,6x
Yield 2022 3,02%
Capitalization 191 B 52 392 M 52 392 M
Capi. / Sales 2022 6,22x
Capi. / Sales 2023 5,80x
Nbr of Employees 30 000
Free-Float 48,1%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 10
Last Close Price 20,65 QAR
Average target price 26,45 QAR
Spread / Average Target 28,1%
EPS Revisions
Managers and Directors
Abdulla Mubarak Nasser Al-Khalifa Group Chief Executive Officer
Ramzi Talat Abdel Jawwad Mari Group Chief Financial Officer
Ali Ahmed Zayed Al-Kuwari Chairman
Maryam Mohammud Al-Kuwari Group General Manager-Information Technology
Ali Rashid Ali Al-Mosnad Al-Mohannadi Group Chief Operating Officer & Executive GM