Commercial Bank Financial Performance Report Q1 2022
Earnings Performance - For the year quarter ended 31 March 2022
Profitability
Net interest income up by 11.4% to QAR 953.8 m in Q1 2022
v Q1 2021.
NIM increased to 2.8% in Q1 2022 vs 2.6% in Q1 2021.
Increase in margins mainly resulted from effective
management of the cost of funding.
Net interest margin
2.8%
2.7%
2.6%
2.4%
2.3%
2.1%
Normalized non-interest income up 13.8% to QAR 262.4m
(+22.5% to QAR 373.4m on reported basis) in Q1 2022 v Q1
2021.
Normalized Net fee income and other income
increased by QAR 91.7 million mainly due to higher FX
and trading income.
Net income from investment activities decreased by
QAR 59.8m due to unrealized mark to market
movement in investments.
2018
2019*
2020*
2021*
Q1 2021*
Q1 2022*
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
Operating Profit
3,621
3,141
2,753
2,335
942
795
2018
2019*
2020
2021
Q1 2021
Q1 2022
*Normalized
12
12
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