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Qatari QSE-Listed Banking Sector Major Benchmarks in 2019
· Aggregate
net profits grew above 5% to QAR 24.61 billion.
· Dividends
distributions constituted 43% of the total achieved net profits.
· Average
irregular loans ratio to total loans approached 2.6%.
Doha, 18 February 2020, by the Group Securities,
The Group Securities Company has issued its annual infographic report on
the Qatari banking sector performance during 2019 with a coverage of all
QSE-listed banks. The report presented; a reading to the most
significant cumulative financial data benchmarks for the year ended 31
December 2019 as shown in the banks’ financial statements (2019 gross
net profits), the average net interest margins (difference between the
paid interest on deposits and debt instruments to the interest received
on loans, investments and monetary instruments adjusted to
interest-generating assets), the growth in the loans portfolio, customer
deposits, assets’ quality, capital adequacy ratios (the defense line for
depositors’ monies that measures the bank’s ability to meet potential
losses and reflects the bank’s financial position) and cash dividends
distributions. The published infographics diagramed the most significant
benchmarks of the Qatari QSE-listed banks for 2019.
Aggregate net profits of the Qatari QSE-listed banks recorded a growth
of 5.5% during 2019 to amount QAR 24.61 billion compared to QAR 23.33
billion net profits for 2018. Qatar National Bank ‘QNB’
Group net profit comprised 58% of the sector’s net profits, followed by
Qatar Islamic Bank ‘QIB’ a share of 12% of the total net profits. The
highest profit growth was registered by the Commercial Bank of Qatar by
20.7% followed by Qatar Islamic International Bank ‘QIIB’ by 11%.
Average net interest margin ratio (the difference between the paid
interest on deposits and debt instruments to the interest received on
loans, investments and monetary instruments adjusted to
interest-generating assets) as of the year-end was roughly 2.3% of which
the highest ratio was registered by QIB by 3.75% vis-a-vis 1.75% for the
Commercial Bank.
Qatari Banks aggregate Loans portfolio recorded a growth of 10% for the
year where QIIB registered the highest growth ration in its loans
portfolio by 32.2%. Conversely, Al Khaliji Commercial Bank loans
portfolio dwindled 2.6%.
Customer deposit for the year grew by 7% with Al Ahli Bank registered
the highest growth of 17.1% and QIIB recorded the lowest growth of 0.3%.
Asset quality on the other hand reflected irregular loans of 2.6% of the
Banks’ total lending portfolios where Al Rayan Bank occupied the minimum
ratio of 1.01% and Doha Bank recorded the maximum ratio by 5.8%.
Capital adequacy ratio (the defense line for depositors’ monies and
measures the bank’s ability to meet prospective losses and reflects the
bank’s financial position) reached 18.4% for the sector. Al Rayan Bank
recorded the highest ratio by 20.3% and the Commercial Bank of Qatar
recorded the lowest ratio by nearly 16.4%.
The disclosed total cash dividends distributions for the sector amounted
QAR 10.5 billion comprising 43% of the accomplished profits of 2019.
