2 weeks Ago By Qatar Tribune
Qatar tribune Tribune News Network Doha QIIB has announced robust financial results for the first quarter of 2025, reporting a net profit of QR356.4 million — up 6.3% compared to QR335.
2 million in Q1 2024. The bank’s performance reflects continued growth and resilience amid evolving market conditions. Sheikh Dr Khalid bin Thani bin Abdullah Al Thani, Chairman of the Board of Directors at QIIB, said the positive results reaffirm the success of the bank’s strategy and the efficiency of its execution.
He credited the favourable business environment in Qatar and the country’s stable economic policies for supporting the bank’s growth. “QIIB has maintained a balanced growth path, strengthened by the trust of our customers and partners,” Sheikh Dr. Khalid stated.
“Our digital transformation journey has become a core driver of operational strength, and we remain committed to advancing our infrastructure and services in response to global banking trends.” He added that the bank would continue focusing on financing strategic projects and supporting small and medium-sized enterprises as part of its commitment to sustainable national development. Commenting on the detailed financials, QIIB CEO Dr.
Abdulbasit Ahmad Al Shaibei said the bank’s net operating income rose to QR505 million in Q1 2025, a 7.4% increase from QR470 million in the same period last year. The cost-to-income ratio improved to 19.
1%, placing QIIB among the most efficient banks in the sector. Non-performing financing assets declined to 2.9%, while the coverage ratio improved to 106%, reflecting the bank’s strong asset quality.
Total assets reached QR59.3 billion, with financing assets increasing by 6.4% to QR39.
9 billion. Customer deposits also grew by 6.6% to QR42.
3 billion. The bank’s capital adequacy ratio under Basel III stood at 19.94%, significantly above regulatory requirements.
“These figures underline our strong financial position and the agility of our operations,” said Dr. Al-Shaibei. “Our continued focus on digital innovation and operational efficiency has delivered measurable benefits.
” QIIB’s efforts have also been recognized internationally. Mastercard awarded the bank the title of Best Banking Loyalty Programme in Qatar, while World Economic Magazine named QIIB both Best Bank for Digital Transformation Qatar 2025 and Best Retail Bank Qatar 2025. Beyond financial performance, QIIB reaffirmed its commitment to corporate social responsibility, supporting initiatives in sports, education, social development, and charity.
Dr. Al-Shaibei also highlighted the bank’s emphasis on developing national talent in line with Qatar National Vision 2030. “We’re investing in Qatari professionals and empowering future leaders through top-tier training and development programs,” he said.
Copy 22/04/2025 10.
