Doha: Ahli Bank reported its highest ever net profit of QR465.2m for the year 2012, registering a growth of 5.2 percent compared with QR442.2m in the previous year.
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Commenting on the performance, Sheikh Faisal bin Abdulaziz Al Thani (pictured), Chairman of the bank, said: “We have delivered another year of consistent performance and record profits.
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“Total Assets stood at a record QR20,606m for the first time in the history of the bank, driven by growth in loans and advances and financial investments.”
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He added that “during the year, the bank issued bonus shares of QR420.4m as a part of the 2011 dividend distribution and successfully completed a rights issue to Qatari shareholders amounting to QR448.5m in Q4 2012.
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Despite the increased equity, Return on average equity remained strong at 16.4 percent and earnings per share stood at QR3.88.”
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Read more: http://thepeninsulaqatar.com/qatar-business/224392-ahli-bank-records-qr4652m-profit.html
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