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Al Khaliji Bank records QR319.8mn revenues in Q1

18 Jul 2017

(MENAFN) Al Khaliji Bank proclaimed its fiscal results for the Jan-June period of this year, recording a net profit of QR319.8mn compared to QR320mn for the same period of 2016.

Accordingly, the bank’s good results show the strength of its business and fortitude of their team, while it continues to receive on strategic objectives.

Additionally, the bank’s strong cost control policy has received an efficiency ratio of 28 percent at end June this year, compared to 32 percent for the same period of 2016.

Furthermore, it also carefully managing its credit impairments and has adopted a pragmatic approach to building suitable provisions in order to protect against potential future unpredicted events.

MENAFN1807201700450000ID1095634039

MENAFN1807201700450000ID1095634039

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