Financial Results For The Year Ended 31 December 2022
Net Profit before the impact of hyperinflation for the year ended 31 December 2022 reached QAR16.1 billion (USD4.4 billion), an increase of 22% compared to the same period last year.
- Net Profit before the impact of hyperinflation for the year ended 31 December 2022 reached QAR16.1 billion (USD4.4 billion), an increase of 22% compared to the same period last year.
- The annual financial results for 2022 along with the proposed profit distribution are subject to Qatar Central Bank (QCB) approval.
- The above helped to improve the loans to deposits ratio to 95.9% as at 31 December 2022 reflecting the improvement in QNB Group's liquidity.
- Group Capital Adequacy Ratio (CAR) as at 31 December 2022 amounted to 19.6% higher than the regulatory minimum requirements of the Qatar Central Bank and Basel Committee.