27 Jan 2021 - 8:10
The Peninsula
Doha: QIIB has recorded a net profit of QR937.7m for the year ended December 31, 2020, with a growth rate of 1.2 percent compared to QR927m in 2019. The bank’s earnings per share stood at QR0.55. While the total assets grew by 7.9 percent to QR61.3bn from QR56.8bn during the same period.
QIIB Chairman and Managing Director Sheikh Dr. Khalid bin Thani bin Abdullah Al Thani, said: “The bank’s results for the year ended December 31, 2020 have clearly proven the bank’s ability to maintain the stability of its financial and profitable indicators, while overcoming the factors that shook the world’s markets in 2020, especially after COVID-19 pandemic ramifications. This in itself is a great achievement, which we owe, in the first place, to the wise strategy adopted by the Government and the supervisory authorities to support the Qatari economy in its various sectors, under the directives and the patronage of the Amir H H Sheikh Tamim bin Ha