AlRayan Bank reports net profit of QR978m for nine months
<p>Doha, Qatar: AlRayan Bank yesterday released its consolidated financial statements for the nine-month period ended September 30, 2026 with net profit attributable to the equity holders of the bank of QR978m.</p> <p>Chairman of the Board H E Sheikh Mohammed bin Hamad bin Qassim Al Thani commented: “The Group continued to build on its strong foundations during the nine months of 2026,…
AlRayan Bank announced a net profit of QR978 million for the nine months ending September 30, 2026, reflecting solid financial performance amid a difficult regional market. Chairman H.E. Sheikh Mohammed bin Hamad bin Qassim Al Thani highlighted the bank's resilience, noting that total assets reached QR184.4 billion and financing assets and customer deposits rose year-over-year, indicating customer trust.
The CEO, Omar Al Emadi, emphasized steady progress driven by growth in financing portfolio, investments, and customer deposits, with an 8% increase in customer deposits to QR122.8 billion and a 2% rise in financing assets to QR115.9 billion. While net profit was impacted by lower fee income and recoveries, core banking operations remained robust, with net financing and investment income growing 1% year-over-year.
The bank's capital adequacy ratio stood at 25.6%, liquidity coverage ratio at 157.2%, and net stable funding ratio at 110.3%, providing a solid foundation for future growth. AlRayan Bank's strategic priorities include disciplined growth, customer excellence, and innovation, with the success of its LEAD strategy evident in strengthened funding and improved financing mix.
The bank's digital transformation efforts, including the launch of the AlRayan Corp Mobile App, further enhance customer convenience and secure banking services.
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.
