Masraf Al Rayan reports QR1.71bn net profit for first nine months – The Peninsula Qatar
- Date: 19-Oct-2021
- Source: The Peninsula Qatar
- Sector:Financial Markets
- Country:Qatar
Masraf Al Rayan reports QR1.71bn net profit for first nine months – The Peninsula Qatar
Doha: Masraf Al Rayan has announced a net profit of QR1.713bn for the period ended September 30, 2021, a growth of 3.1 percent compared to the same period last year.
The Bank’s Total assets grew by 7.1 percent to QR124.765bn from QR116.548bn during the first nine months of the year. While financing activities also rose by 7.7 percent to QR87.010bn from QR80.775bn. Investments increased by 4.9 percent to QR22.213bn from QR21.182bn. And Customer deposits also grew by 17.3 percent to QR78.162bn from QR66.653bn during the same period. Total shareholders’ equity rose by 6.8 percent to QR14.834bn from QR13.889bn.
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