Commercial Bank net profit before Pillar Two Tax reaches QR1,644.1m for nine months
<p>Doha, Qatar: The Commercial Bank and its subsidiaries (the “Group”) announced yesterday its financial results for the nine months ended September 30, 2026.</p> <p>The Group reported Net Profit before Pillar Two Tax of QR1,644.1m for nine months 2026. The year-on-year movement in profit was supported by resilient operating performance in the nine months of 2026. Net Operating Income increased…
The Commercial Bank announced its financial results for the nine months ended September 30, 2026, reporting a net profit before Pillar Two Tax of QR1,644.1m. This profit was driven by resilient operating performance and a 2.9% year-on-year increase in net operating income to QR3,568.3m. The growth was primarily due to higher net interest income, despite higher net provisions and increased operating expenses.
The Group's balance sheet stood at QR183.6bn, with growth in loans and advances to customers and investment securities. The Wholesale Banking segment continued to focus on higher-return customer segments, while Retail and Wealth Banking strengthened its advisory-led wealth proposition through digital capabilities. The Group's performance was further bolstered by Alternatif Bank's improved operating profitability, although it still faced challenges due to hyperinflation accounting.
The company remains committed to disciplined growth, prudent risk management, and strengthening core customer relationships as it progresses with its 2026-2030 strategy.
Written by urgent.news from The Peninsula Qatar Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
