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FINANCIAL NEWS
QNB Group net income grow 7.7 percent to USD 3.1bn
14 Jan 2016
(MENAFN) QNB Group, the local’s hugest lender, claimed an increase by 7.7 percent in the net profit for last year compared to the previous year, which valued USD 3.1bn.
According to the strong financial results for 2015, QNB plan of exploiting returns to shareholders, while it’s recommending the delivery of a cash dividend of 35 percent.
The prudent cost control policy and strong income producing capacity made it to keep an efficiency ratio of 21.5 percent, which is one of the best ratios amid financial institutions.
QNB grew customer funding by 10.5 percent to USD 108.6bn, which reached to the Group’s loan to deposit ratio reaching 98 percent, and the whole equity grew by 7.1 percent to reach USD 17.0bn.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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