Al Khaliji records 5% increase in net profit

Al Khalij Commercial Bank (al khaliji) Q.S.C. announced today its half year results for the period ending 30th June 2012. The bank delivered robust results for the first six months, registering a net profit of QAR 262 million, a 5% increase as compared to QAR 249 million achieved for the same period last year in June 2011, the bank said in a statement published at Qatar Exchange website . Al khaliji reported a net operating income of QAR 458 million of which 81% was achieved from the operations in Qatar whilst Al Khaliji France contributed 19% . The Group’s Net Interest Income reached QAR 273 million while Net Income from fee and commissions totaled QAR 67 million, a 20% increase from June 2011. Total assets amounted to QAR 27,845 million, 30% over the figures recorded for the same period last year. Customer deposits reached QAR 12.7 billion, an increase of 28% compared to the same period last year. The total non-performing loans and advances as of 30 June 2012 stood at 0.5%.