Business

The largest financial institution in the Middle East and Africa (MEA) region, announced its results for the three months finished 31 March 2018.

For the three months finished 31 March 2018, Internet Profit got to QAR3.4 billion (USD0.9. billion), up by 7% as compared to previous year. Complete assets enhanced by 12% from March. 2017 to get to QAR834 billion (USD229 billion), the greatest ever attained by the Group.

Key driverof development in total possessions was from financings and advances which grew by 12% to reach QAR598 billion (USD164 billion). Additionally QNB Group succeeded in bring in funding, which caused raised customer funding by 12% to reach QAR604 billion ( USD166 billion). This enabled the Group to maintain its loans to down payments proportion at 99%.

The Group's prudent cost control policy and solid revenue generating capability assisted to boost the performance proportion (price to earnings proportion) to 27.8%, which is considered among the very best ratios among financial institutions in the region.

The stock of non-performing loans ratio of 1.8% as at 31 March 2018 has been witnessed on a constant basis, year on year, showing the top quality of the Group's funding book and the effective management of credit risk. The Group's conventional policy in regard to provisioning proceeded with the coverage proportion preserved at 110% as at 31 March 2018.

Total Equity increased by 2% from March 2017 to reach QAR73 billion (USD20 billion) as at 31 March 2018. Incomes per Share reached QAR3.6 (USD1.0), compared to QAR3.3
( USD0.9) in March 2017.

Capital Adequacy Ratio (CAR) computed based on the QCB and Basel III demands stood at 16.0% as at 31 March 2018, higher than the regulatory minimum demands of the Qatar Reserve Bank and Basel Committee.

As part of QNB Group's continued drive to improve its standing as a global financial institution, the Board of Supervisors have actually advised to the Phenomenal General Assembly Satisfying of shareholders (to be hung on 17 April 2018), to accept the increase of non-Qatari.

possession limit from 25% to 49% along with enhancing solitary ownership restriction to be increased from 2% to 5%, according to the relevant regulations and laws.

QNB's successful funding from the worldwide markets throughout the very first 3 months of 2018 which mainly included resources market issuances of AUD700 million with a 5 and 10-year maturation in Australia, USD720 million Formosa bonds in Taiwan, private positionings amounting to USD2.5 billion with two-- three year maturation and a 3 year senior unsafe syndicated term finance center of USD3.5 billion in February 2018.

QNB Group serves a customer base of more than 22 million customers with greater than.
28,000 team resources operating from 1,200 locations and a network comprising more than 4,300 ATM machines.

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