Earnings Performance - Half year ended 30 June 2019
Earnings Performance - Half year ended 30 June 2019
Profitability
Net interest income down by 8.3% to QAR 1,218m in H1 2019
vs H1 2018.
NIM reduced to 2.1% in H1 2019 vs 2.3% in H1 2018.
However NIM has improved from 2.0% in Q1 2019 to 2.2%
in Q2 2019.
◆Margins have been managed through active loan book re-
pricing, and diversifying liquidity sources to minimize the
increasing cost of funding.
Non-interest income up by 24.8% to QAR 629m vs H1 2018
Net fee income increased by 5.8% in H1 2019 to
QAR429m with higher transaction banking fees and credit
facility related fees.
◆Net foreign exchange income up 143.5% to QAR 143m in
H1 2019 vs QAR 59m in H1 2018 mainly due to FX income
from Turkey operations.
Net interest margin
2.5%
2015
2.3%
2.2%
2.2%
2.2%
2.1%
2016
2017
2018
H1 2018
H1 2019
Net interest income as a % of average interest earning assets, including (i) loans and advances to customers,
(ii) bonds and (iii) loans to other credit institutions
IIS-Interest in Suspense
Operating Profit
2,258
2,335
2,204
1,942
1,212
1,296
2015
2016
2017
2018
H1 2018
H1 2019
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