SlideShare verwendet Cookies, um die Funktionalität und Leistungsfähigkeit der Webseite zu verbessern und Ihnen relevante Werbung bereitzustellen. Wenn Sie diese Webseite weiter besuchen, erklären Sie sich mit der Verwendung von Cookies auf dieser Seite einverstanden. Lesen Sie bitte unsere Nutzervereinbarung und die Datenschutzrichtlinie.
SlideShare verwendet Cookies, um die Funktionalität und Leistungsfähigkeit der Webseite zu verbessern und Ihnen relevante Werbung bereitzustellen. Wenn Sie diese Webseite weiter besuchen, erklären Sie sich mit der Verwendung von Cookies auf dieser Seite einverstanden. Lesen Sie bitte unsere unsere Datenschutzrichtlinie und die Nutzervereinbarung.
Financial Results for the Six Months Ended 30 June 2012 1
QNB Group Financial Highlights Net Profit up by 17.1% to QR4.1 billion 2
Total Assets up by QR67.2 billion (25.5%) since June 2011 to QR330.8 billion 3
Total Loans and advances up by QR84.1 billion (55.9%) since June 2011 to QR234.7 billion 4
Total Customer Deposits up by QR49.6 billion (25.3%) since June 2011 to QR245.9 billion 5
Earnings per share increased to QR5.9 compared to QR5.6 in June 2011 Total Equity up by QR5.1 billion (13.0%) since June 2011 to QR44.1 billion 6
QNB Group, one of the largest and one of the most highly regarded financial institutionsin the Middle East and North Africa region, has announced its financial results for the sixmonths ended 30 June 2012. The group recorded a net profit of QR4.1 billion, up by17.1% compared to the same period last year, demonstrating QNB Group’s successacross business activities and the ability to achieve strong growth in profitability for thebenefit of shareholders.Key indicators of the six months ended 30 June 2012: Robust growth and prudent management of assets and liabilitiesTotal assets increased by 25.5% since 30 June 2011 to reach QR330.8 billion, thehighest ever achieved by the Group. This was the result of a strong growth rate of 55.9%in loans and advances to reach QR234.7 billion. Meanwhile, customer deposits recordedsolid growth of 25.3% to QR245.9 billion. Outstanding assets qualityThe Bank was able to maintain the ratio of non-performing loans to total loans at 1.1%, alevel considered to be the lowest amongst banks in the Middle East and North Africa.Provisions were conservatively managed, as the coverage ratio reached 123%. Increased revenues with improved efficiencyTotal operating income increased to QR5.7 billion, up by 23.0% compared to the sameperiod last year, as QNB Group succeeded in achieving strong growth across the rangeof revenue sources. Net interest income and income from Islamic financing activitiesincreased substantially, up by 29.7% to reach QR4.5 billion. 7
QNB Group continued to diversify its income sources, with net fees and commissionsincome increasing by 9.8% to QR659.9 million, while net gain from foreign exchangeincreased by 55.8% to QR315.1 million.The efficiency ratio (cost to income ratio) stood at 16.4%, compared to 15.8% in June2011, one of the best ratios among financial institutions in the Middle East and NorthAfrica. Robust CapitalisationTotal shareholders’ equity increased by 13.0% since 30 June 2011 to reach QR44.1billion. QNB Group maintains a strong capital adequacy ratio higher than the regulatoryrequirements of Qatar Central Bank and Basel Committee. The Group is keen tomaintain a strong capitalisation in order to support future strategic plans. High Credit RatingsThe Bank has a high rating assigned to it from a number of leading rating agencies. TheBank’s ratings are considered amongst the highest amongst the leading financialinstitutions in the region due to its strong financial position, high quality of its assets andits leading position in the financial sector.Based on the Group’s strong capitalization and high credit ratings, QNB was named oneof the World’s 50 Safest Banks and one of the Safest Banks in the Middle East,according to the latest update published by Global Finance in April 2012. Successful launch of the EMTN ProgramQNB Group launched its debut bond issue under its Euro Medium Term Note Program inthe international capital markets which amounted to US$1.0 billion with a 5-year maturityat a coupon rate of 3.375%. This highly successful issue received an overwhelminginterest from regional and international investors. 8
Ambitious plans for the future with innovative banking services andA new 5-year strategic plan was approved which aims to make QNB Group a MiddleEast and Africa Icon. The new strategy aims to maintain the Group’s position as theleading bank in the area by expanding and improving operations, diversifying incomesources, and achieving a high return to shareholders.In line with QNB Group’s strategy for international expansion, the Bank has increased itsstake in Mansour Bank in Iraq to 51%. As a result, QNB Group will effectively manageMansour Bank and provide support to enhance its ability to offer a comprehensive rangeof products and services.In line with efforts to further improve customer service through the offering of unique andadvanced solutions, the Group launched a mobile near field communication paymentprogram. This service, which is first to be offered in Qatar, allows customers to processpayments through their mobile phones.QNB Group which operates in 24 countries around the world through its network,subsidiaries and associate companies employs about 7,600 staff operating from 345branches and offices that are supported by an ATM network that exceeds 670 machines.Based on the Group’s continuous strong performance and the expanding internationalpresence, the bank is currently ranked as the most valuable brand in the MENA region,with a world ranking of 114 from 189 in 2011.The Bank continues to place high emphasis on recruiting Qatari nationals and to providethem with dedicated training programs to further enhance their capabilities through theBank’s Training Centre. This has allowed the Bank to achieve a Qatarisation ratio thatexceeds 50%, the highest among financial institutions in Qatar. 9