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Qatar- QIB Posts Net Profit of QR 736.9 million  Join our daily free Newsletter

MENAFN - Qatar News Agency - 12/07/2012

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(MENAFN - Qatar News Agency) Qatar Islamic Bank (QIB) disclosed the semi annual financial statements for the period ending June 30, 2012.

The reviewed financial statements for the period ending June 30, 2012 revealed a net profit of QR 736.9 million in comparisons to QR 703.2 Million for the same period last year, QIB said in a press release published Wednesday at Qatar Exchange website.

Speaking on the occasion, HE Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber Al Thani, QIB Chairman, said"The financial results of the first half of 2012 were achieved through the Bank s commitment and focus to its growth strategy which keeps pace with the prevailing local and international economic conditions."

He added that "QIB is moving ahead with the execution of its strategic transformation program to enhance the bank s leading position in Islamic finance and effectively contribute to the development of the country's banking sector, and play a constructive role in Qatar s economic growth at home and internationally."

The Bank s Earning per Share (EPS) amounted to QR 3.12 as of June 30, 2012 versus QR 3.08 for the corresponding period in 2011.

 






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