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QIB climbs in the Banker’s latest rankings of World’s Top 1,000 Banks
Qatar Islamic Bank (QIB) has jumped 35 positions in The Banker magazine’s latest ranking of the world’s top 1,000 banks. QIB now stands at 316, compared with its previous position of 351, ranked as the best Islamic bank in Qatar and also the third biggest bank in the country. The Banker’s Top 1,000 World Banks ranking tracks the largest bank holding companies based on Tier 1 capital as at the end of 2012. Foreign-owned banks are not tracked in the main ranking, though foreign-owned subsidiaries are included in the country breakdown if their Tier 1 would be large enough for them to feature in the top 1,000. Among the Islamic banks in the MENA region, QIB was ranked sixth, the seventhhighest mover over the past year, and the highest mover in Qatar, with a 21.54% change to its Tier 1 capital, representing QR9,284 million (USD2,550 million).
third quarter results The first three quarters of 2013 have been uneventful for most Qatari banks, which registered profits during the period. Following are the results of four banks, including one Islamic bank, for the nine months ending September 30. Only Qatar Islamic Bank reported a 12.4% drop in third-quarter net profit. The bank made a net profit of QR345.1 million ($94.8 million) in the three months to September 30, compared with QR393.9 million in the same period a year ago, it said in a bourse statement.
Net profit / Growth in % 24 > qatar today > november 2013