Commercial Bank Financial Performance
Financial Progress
QAR million
Normalized
Q4 2021 Q1 2022
Q2 2022 Q3 2022
Q4 2022
Variance
Variance
FY 2021
FY 2022
FY 2021
FY 2022
Q4 2022 v
FY 2022 v
Q3 2022
FY 2021
Normalized
Reported
Operating Income
1,281
1,216
1,336
1,269
1,477
16.4%
4,771
5,298
11.0%
5,101
5,294
Costs
-284
-274
-302
-286
-280
2.1%
-1,150
-1,142
0.7%
-1,480
-1,138
Operating Profit
997
942
1,033
983
1,197
21.8%
3,621
4,156
14.8%
3,621
4,156
Net Provisions*
-559
-276
-253
-217
-518
-139.0%
-1,147
-1,263
-10.2%
-1,147
-1,263
Share of Associates & Impairment
-258
47
60
60
56
-5.8%
-162
222
237.4%
-162
222
Non-Cash Net Monetary Loss
-69
-29
-91
-209.9%
-189
-100%
-189
Tax
-8
-11
-41
-28
-35
-24.6%
-9
-114
-1228.8%
-9
-114
Net Profit
172
702
730
769
610
-20.7%
2,304
2,811
22.0%
2,304
2,811
Lending Volume
98,003
98,366
101,240
98,431
98,016
-0.4%
98,003
98,016
0.0%
98,003
98,016
Deposit Volume
81,958
84,547
89,331
86,233
83,167
-3.6%
81,958
83,167
1.5%
81,958
83,167
NIM
2.7%
2.8%
2.8%
2.8%
2.9%
0.1%
2.7%
2.8%
0.1%
2.7%
2.8%
C/I Ratio
22.2%
22.5%
22.6%
22.5%
19.0%
3.5%
24.1%
21.6%
2.5%
29.0%
21.5%
COR (bps) - net
206
96
105
80
191
-111
111
121
-10
111
121
NPL Ratio
4.7%
4.6%
4.5%
4.5%
4.9%
-0.4%
4.7%
4.9%
-0.2%
4.7%
4.9%
Coverage Ratio*
97.4%
100.2%
103.2%
107.6%
105.4%
-2.2%
97.4%
105.4%
8.0%
97.4%
105.4%
CET 1
11.7%
12.2%
11.7%
11.3%
11.6%
0.3%
11.7%
11.6%
-0.1%
11.7%
11.6%
Tier 1
16.0%
16.4%
15.7%
15.2%
15.6%
0.4%
16.0%
15.6%
-0.4%
16.0%
15.6%
CAR
18.1%
18.1%
17.5%
17.0%
17.3%
0.3%
18.1%
17.3%
-0.8%
18.1%
17.3%
1.
2.
3.
Normalised is after removing the impact of IFRS 2 from costs and derivative income from operating income to show underlying business trend (see slide 12).
The entire one-time adjustment of Net Monetary Loss for H1 2022 has been reported under Q2 2022 to show underlying trend, hence Q1 2022 continues to be reported as earlier.
Cost of risk includes net provision charge on loans and NPLs (including net provision charge on off-balance sheet items).
*includes ECL
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