AlRayan Bank reports net profit of QR978mn in 9M 2026
AlRayan Bank reported a net profit of QR978mn in the first nine months of 2026.Total assets for the period reached QR184.4bn, up 5% year-on-year (y-o-y), driven by an 8% increase in investment securit...
AlRayan Bank reported a net profit of QR978 million for the first nine months of 2026, marking a 26% decline compared to the same period last year. The bank's total assets grew by 5% year-on-year to reach QR184.4 billion, primarily driven by an 8% increase in investment securities and financing assets. Customer deposits rose by 8% to total QR122.8 billion, reflecting a higher contribution from both CASA and non-CASA deposits.
The bank's net operating income for the nine months was QR2.44 billion, but it declined by 10% year-on-year due to reduced other income. The net profit margin for 9M 2026 fell 5 basis points year-on-year to 1.48%, and the cost-to-income ratio increased by 3.8 percentage points to 30.7%. Return on equity decreased by 1.9 percentage points to 5.4%.
The bank's Tier 1 ratio stood at 24.4%, with a Capital Adequacy Ratio (CAR) of 25.6% and a Liquidity Coverage Ratio (LCR) of 157.2%. AlRayan Bank's chairman, Sheikh Mohammed bin Hamad bin Qassim al-Thani, highlighted the bank's resilience and focus on disciplined growth, customer excellence, and innovation. The acting CEO, Omar al-Emadi, emphasized steady progress in financing portfolio, investments, and customer deposits, along with improved asset quality.
Written by urgent.news from Gulf Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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