Mubasher: Masraf Al Rayan achieved a net profit of QAR 1.562 billion during the nine-month period ended on 30 September 2017, according to a recent statement.
The leading Qatari bank registered an increase of 13.4% in assets to reach QAR 98.613 billion by the end of the first nine months of 2017
The quality of the bank assets, both financing and investments, continued to be one of the highest in the region and across the globe, Masraf Al Rayan added.
Masraf Al Rayan’s non-performing financing ratio (NPL) accounted for 0.15%, which has been maintained consistently within this level for the past years.
“Masraf Al Rayan continues to lead the banking sector with one of the best operational efficiency ratio of 21.9% compared to its peers in the market,” according to the official statement.
The bank continued to maintain its pioneer position with return on average assets at 2.19% as well as a return on average equity at 16.35%, in spite of the depositors' share of profits that grew by 33.6% due to higher cost profits on deposits at local and international levels.
