Commercial Bank posts net profit of QR2,811.1m for 2022 – The Peninsula
- Date: 26-Jan-2023
- Source: The Peninsula…
- Sector:Financial Services
- Country:Qatar
Commercial Bank posts net profit of QR2,811.1m for 2022 – The Peninsula
Doha: The Commercial Bank (P.S.Q.C.) (“the Bank”), its subsidiaries and associates (“Group”) reported a net profit of QR2,811.1m as compared to QAR2,304.3m for 2021.
The Group announced yesterday its financial results for the year ended 31 December 2022. The Group The Board of Directors proposed a dividend distribution to shareholders of QR0.25 per share i.e. 25 percent of the nominal share value.
The financials and proposed dividend distribution are subject to Qatar Central Bank approval and endorsement by shareholders at the Bank’s Annual General Meeting.
Key financial highlights for the Group compared to the same period in 2021 · Net profit of QR2,811.1m, up by 22.0 percent.
The bank recorded a normalized operating income of QR5,298.4m, up by 11.0 percent (+3.8 percent on reported basis).
The Operating profit of QR 4,155.9m was up by 14.8 percent.
The normalized cost to income ratio of 21.6 percent (reported 21.5 percent), reduced from 24.1 percent (reported 29.0 percent).
·The bank recorded a strong capital adequacy ratio of 17.3 percent. The net provisions for loans and NPLs up by 7.3 percent mainly on account of continued prudent provisioning.
·The total assets of QR169.1 bn was up by 2.2 percent.
Customer loans and advances remained flat at QR 98.0bn · Customer deposits of QR
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Commercial bank's current position if anyone who has bought while #nepse was at 3200.
#SCB bank is near to no profit or loss situation where #gbime has taken the most hit
#nica hasn't announced any bonus in the past 2 year
#nepse #nepal #banks #nepsegyan
[email protected]_Official blames commercial banks' payrolls, I.T,property, infrastructure and other costs for high interest rates. Central Bank also says the lenders are under pressure to return a high profit for shareholders amid bad loans.
Handing over ownership of a commercial bank to illreputed person is impossible, let alone a pmship of a nuclear state to a bad character and enemy agent or funds recepient from deadly enemy country.
https://profit.pakistantoday.com.pk/2023/03/19/jahangir-siddiqui-will-soon-own-two-banks-not-everyone-is-happy/
वाणिज्य बैंकहरुको नाफा ४१ अर्ब, कुन बैंकको कति ?
https://bit.ly/42oW14r
#Commercial_Bank #profit #NEPALIPAISA
China deposits another $500m to Pakistan
Pakistan on Friday obtained $500 million as the second payment from the $1.3 billion facility provided by the Industrial and Commercial Bank of China (ICBC).
#news #pakistan #investify https://profit.pakistantoday.com.pk/2023/03/17/china-deposits-another-500m-to-pakistan/
Profit and Loss of Commercial Bank Magh 2079
All deposits at commercial US banks are now government insured regardless of account balance. Essentially deposits have been nationalized.
Consequently it’s time to stop bank deposits as profit centers and as funding sources for speculative adventures.
“When the central bank makes interest payments to commercial banks it transfers part of its profits to the banking sector. Central banks make profit (seignorage) because they have obtained a monopoly from the state to create money.”
https://braveneweurope.com/paul-de-grauwe-yuemei-ji-monetary-policies-that-do-not-subsidise-banks/
The money went to a good cause if it indeed went there however in order to do it they should operate as a non profit entity. A commercial bank doing this is outright fraud. And this raises a strong suspicion that they were actually doing some money laundering under this context.
WOW... Silicon Valley Bank gave $73,450,000 to "BLM Movement & Related Causes"
If we had one commercial bank owned and operated by govt and loans were given by govt with no interest and the bank had no need to turn a profit, would that be socialism?
Because I believe that's where all these problems are coming from. SVB for instance.
“Glass-Steagall must be reenacted, separating commercial from investment banking. There’s no good reason banks should be investing their depositors’ money for profit.” https://open.substack.com/pub/robertreich/p/the-silicon-valley-bank-debacle?r=65ux&utm_medium=ios&utm_campaign=post
HSBC has reported a profit before tax of $13.8bn for the first half of 2019, up from $12.4bn a year earlier. The bank attributed the increase to higher revenue from its investment banking and commercial banking businesses #HSBC
Consolidated after-tax profit of OTP Bank, Hungary's biggest commercial lender, fell in the fourth quarter and for the full year as one-offs, including the impact of government measures and acquisitions, hit the bottom line. #Hungary #OTP #Banks #Economy
https://bbj.hu/economy/finance/banking/one-offs-weigh-on-otp-earnings
Sounds a lot like an American financial black hole has just been added to the balance sheet of a UK commercial bank holding British savings. Privatise the profit; socialise the loss. But globally.
"The UK has great resilience in its financial system" .
Chancellor Jeremy Hunt says HSBC's purchase of Silicon Valley Bank UK is a "very important outcome" and is the result of "a lot of hard work".
https://trib.al/uUCxHin
📺 Sky 501, Virgin 602, Freeview 233 and YouTube
SVB’s commercial bank gained fame in California as the banker to private equity and venture capital firms, specializing in tech and health-care clients. It reported a profit of $3.4 billion for 2022, when it had around $172 billion…https://lnkd.in/ecxrsc_6 https://lnkd.in/eTJQyygd
What @BillAckman is describing is a death spiral if SVB isn't bailed out:
Fear of commercial mid to small banks -> bank run on said banks -> banks forced to sell old tbills at a loss instead of profit at redemption -> increased premium on older tbills -> insolvency -> repeat.
The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or… https://twitter.com/i/web/status/1634564398919368704
TD Bank beats expectations with boost from retail banking
Profit in TD’s core personal and commercial business rose seven per cent year-over-year to $1.73 billion on higher margins and loan volume growth. Revenue grew 17 per cent to $4.59 billion.
https://ca.finance.yahoo.com/news/td-bank-beats-expectations-boost-131937078.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
TD Bank’s first-quarter adjusted profit rises as it gets boost from personal, commercial banking business https://www.theglobeandmail.com/business/article-td-banks-first-quarter-profit-rises-as-it-gets-boost-from-personal/?utm_source=dlvr.it&utm_medium=twitter
✨AJK bank launches campaign to meet modern banking demands
🏦 @BAJKOfficial started "Excellence Customer Service Campaign" to meet modern #banking needes & foster #commercial relationships with clients.
🆙 #PROFIT ↑617% to Rs961m in 3 years! #Pakistan
https://www.wealthpk.pk/page/pkweb/newsSiteOriginal.html?newsId=109113&country=en-us
#rightwing and its economic model is a failure. They depleted everything for their own selfish profit. They destroyed the living.
Times are changing. Action against one of Europe’s largest financial institutions is the first climate-related lawsuit against a commercial bank.
FACT: The Commercial Bank of Ethiopia has registered an $18.6 billion deposits record, making $242 million profit on revenues of $1.1 billion.
Retweet selected by the http://www.gf-accord.biz team | Industrial & Commercial Bank of China's 3Q Net Profit Rose 5.8% #profit https://cmun.it/c3vy2zr
Commercial banks are profit-driven, burning their properties means they’ve incurred loses, they hardly rebuild their burnt offices. So any one you burn just know that you have one less bank to service your area. Take your anger to the polls and stop letting politicians use you
The commercial bank is a currency creating entity which have to be repaid, hence have to take into consideration the collaterals (the borrower income most importantly and the asset the borrower wants to buy) to avoid default, i.e non repayment.
The purpose: to harness profit.
3. In Canada,central bank and its commercial banks and financial and insurance organizations always are tool,its tool for the public is good,but its tool for Trudeau and Li Lydia Chen profit group is so bad, even the worst.Made social SOCIETY disorder, HSBC, RBC, CIBC, TD...?
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