Ahlibank posted a net profit of QR647mn for the first nine months of this year, up 5.2% on the same period last year.

Commenting on the results, Ahlibank CEO Hassan Ahmed AlEfrangi said, “The bank has delivered solid financial results, reflecting our commitment to continuous progress and strengthening our financial performance”.

“As a further testimony to our performance, the bank continues to enjoy higher credit ratings with international credit ratings of A2/P1 from Moody’s and Long-Term Issuer Default Rating (IDR) at 'A' by Fitch.”

AlEfrangi added, “Ahlibank remains focused on driving innovation in technology and digital transformation, with a particular emphasis on increasing Qatarisation by attracting and developing young Qatari talent to assume future leadership roles.”

Commenting on the results, Ahlibank Chairman Sheikh Faisal bin AbdulAziz bin Jassem al-Thani said, “We have made significant strides in integrating environmental, social, and governance (ESG) principles into our strategies, building a strong sustainability framework through which we aim to further enhance our participation in sustainability-related events and initiatives in the years to come.”

The chairman added, “We take this opportunity to thank our customers for their continuous loyalty towards Ahlibank, shareholders for their ongoing commitment, management and staff for all their dedication and the Qatar Central Bank for their esteemed guidance and support.”