facebooktwittertelegramwhatsapp
copy short urlprintemail
+ A
A -
webmaster
Tribune news network
Doha
Ahli Bank (ahlibank) has reported a net profit of QR544.54 million for the first nine months of 2019, an increase of 1.24 percent over the corresponding period of 2018, the bank announced in a statement on Wednesday.
Ahlibank Chairman and Managing Director Sheikh Faisal bin AbdulAziz bin Jassem al Thani, stated, “We are pleased with our steady performance of the bank’s key growth drivers, which reflected positively on the overall business growth.
“To meet one of its key strategic objectives of improving stable funding, the bank successfully completed its third bond issuance for $500 million in the international debt capital markets, under its $1.5 billion EMTN Programme, which is a continued vote of confidence from international investors in both Qatar and Ahlibank.
“The bond issuance was oversubscribed by more than three times, with more than 85 investors participating from Asia, MENA and Europe.”
The chairman added, “The bank is focused on delivering long-term sustainable results for its shareholders. With that in view, our investment in technology infrastructure and digital transformation is continuing and that will benefit the bank in delivering new services and outstanding experience to our customers.
The bank continues to enjoy favourable ratings from the top international credit rating agencies. We also take this opportunity to thank Qatar Central Bank for their valued leadership and support.”
copy short url   Copy
17/10/2019
472