Monday, 25 September 2017 05:13 GMT

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Al Khaliji Commercial Bank posts QR161mn profit in Q1

(MENAFN) Al Khaliji Commercial Bank has recorded a net profit of QR160.9mn in the first quarter of this year, an increase of 3 percent on the same period of 2016.

Additionally, the bank's whole assets reached QR59bn in March, whereas the overseas branches in France and UAE showed 10 percent of the group's total assets.

Moreover, its net interest income grew by 1 percent to QR230.9mn, while net fee and commission income hit QR62.1mn in March this year.

The financials show the bank ability to increase its net interest income and fee and commission revenue streams, while continuing to spread funding base.

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Al Khaliji Commercial Bank posts QR161mn profit in Q1

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