{
  "id": 15779042,
  "title": "Commercial Bank net profit before Pillar Two tax reaches QR1.64bn",
  "url": "https://urgent.news/2026/10/20/commercial-bank-net-profit-before-pillar-two-tax-reaches-qr1-64bn",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T17:15:00.000Z",
  "source": {
    "name": "Gulf Times Business",
    "slug": "gulf-times-business",
    "url": "https://www.gulf-times.com/article/736248/business/commercial-bank-net-profit-before-pillar-two-tax-reaches-qr164bn"
  },
  "original_language": "en",
  "account": "Commercial Bank reported a net profit of QR1.64bn before Pillar Two Tax in the nine months of 2026, driven by resilient operating performance. Net operating income rose by 2.9% year-on-year to QR3.56bn, largely due to increased net interest income. The bank's total assets reached QR183.6bn by September 30, 2026, a 4.4% year-on-year decrease, primarily due to a drop in due from banks. However, this was partially offset by higher loans and advances to customers and larger investment securities. Customer deposits declined by 3.0% to QR83.1bn, while low-cost deposits rose by 3.6% to QR31.4%, accounting for 37.8% of the total customer deposit mix. The bank's CET 1 Ratio and Total Capital Adequacy Ratio both surpassed the required levels set by the Qatar Central Bank and Basel III. The group's equity stood at QR26.6bn, down slightly year-on-year. Investment securities increased by 5.1% to reach QR41.3bn, with the group investing in high-quality securities. Commercial Bank's consolidated net profit after tax for the period was QR1.53bn, including a Pillar Two Tax charge of QR104.7mn and a post-hyperinflationary accounting loss of QR72.9mn for Alternatif Bank. Net interest income grew by 10.2% to QR2.80bn, while net fee and commission income decreased by 5.8% to QR692.5mn. Excluding one-offs, net fee and commission income grew by 11.4% y-o-y. The bank's cost-to-income ratio increased to 32.3% due to investments in digital capabilities and higher costs from Alternatif Bank. Total gross provisions rose by 49.3% to QR1.24bn, including specific loan provisions and ECLs. The results from associates contributed 8.8% to the group's results, and the balance sheet stood at QR183.6bn, declining by 4.4% year-on-year. Commercial Bank's chairman, Sheikh Abdulla bin Ali bin Jabor al-Thani, highlighted the bank's disciplined and resilient performance, emphasizing its strong governance, solid balance sheet, and prudent risk management. The bank remains committed to sustainable, profitable growth and value creation for shareholders, customers, and the economy, in line with Qatar National Vision 2030.",
  "summary": "Commercial Bank declared QR1.64bn net profit before Pillar Two Tax, supported by resilient operating performance in the nine months of 2026.Net operating income increased by 2.9% year-on-year (y-o-y) ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}