Qatar National Bank (Q.P.S.C.) Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 10, 2023 at 04:51 pm EDT
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Qatar National Bank (Q.P.S.C.) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was QAR 8,023.59 million compared to QAR 7,693.55 million a year ago. Net income was QAR 4,268.09 million compared to QAR 3,966.54 million a year ago. Basic earnings per share from continuing operations was QAR 0.43 compared to QAR 0.4 a year ago.
For the nine months, net interest income was QAR 22,241.53 million compared to QAR 20,959.6 million a year ago. Net income was QAR 11,873.07 million compared to QAR 10,984.57 million a year ago. Basic earnings per share from continuing operations was QAR 1.19 compared to QAR 1.1 a year ago.
Qatar National Bank QPSC (QNB) is a Qatar-based bank engaged in the provision of commercial and Islamic banking services. The Bank operates through four segments: the Corporate Banking segment includes loans, deposits, investment and advisory services, among other products and services with corporate customers, as well as undertakes the Bankâs funding and centralized risk management activities through borrowings, issue of debt securities, use of derivatives for risk management purposes and investing in liquid assets; the Consumer banking segment includes loans, deposits and a range of products and services to retail customers; the Asset and Wealth management segment includes loans, deposits, asset management, brokerage and custody services to the high net worth customers, and the International Banking segment includes loans, deposits and products and services with corporate and individual customers in International locations.
QATAR NATIONAL BANK (Q.P.S.C.) 
