Profits Of Commercial Bank Increase 8.5 Percent, Masraf Al Rayan Declines By 24 Percent

Doha, July 17 (QNA) - The net profit of the Commercial Bank (a Qatari public shareholding company) increased by 8.5 percent in the first half of 2023 to reach QR 1,554 billion, compared to a net profit of QR 1,432 billion for the same period last year. The figures issued by the bank and published on the Qatar Stock Exchange (QSE) website today showed an increase in the Earnings per share (EPS) to reach QR 0.37 in the first half of 2023, compared to earnings per share of QR 0.34 for the same period of the previous year. On the other hand, the financial statements of Masraf Al Rayan (a Qatari public shareholding company) revealed a decline in net profits by 24 percent, to reach QR 764,641 million in the first half of 2023, compared to QR 999.906 million in the same period last year. The figures issued by the bank and published on QSE website today also showed a decline in Earnings per share (EPS) to QR 0.082 in the period ending on June 30, 2023, compared to QR 0.108 in the same period of the year 2022. (QNA)