التمويل يقفز بأصول بنك قطر الدولي الإسلامي ..والأرباح الفصلية تفوق التوقعات

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00:00In the results of the banking sector in Qatar, and we are specializing in the Islamic State Bank of Qatar,

00:06whose results came in the first quarter of 2024 with a higher than expected average.

00:13We stand on the details of these results and the beginning of pure profits, which grew by 6% during this period,

00:21compared to a year-on-year basis at the same time as the previous year.

00:24As a result, these profits were supported by the growth of capital and investment interests.

00:29We also notice that the overall interest rate grew by 20%,

00:33as a result of the growth of cash flows of about 105 million Riyals.

00:38Moving on to the main factors that supported the growth of capital and investment interests,

00:43which grew by 21%, in addition to operating expenses, which rose by 6%,

00:51and this is due to the increase in employee costs to 45 million Riyals.

00:57Moving on to the most prominent factors, which were also the sectoral interests during this period,

01:02the treasury and investments acquired the largest share at an increase of 32%,

01:08through the banks' investments in stocks and other investments.

01:13Individuals also acquired a share of about 29%, which had increases in sectoral interests.

01:20As for individuals, through consumer loans,

01:25in addition to companies with 11.5% increases.

01:29Returning to the most prominent sectors that supported the results during this period,

01:34we talk about assets, there was a growth of 14.4%.

01:39As for assets, this growth is due to the growth of capital assets,

01:43in addition to the increase in financial investments of 8 billion Riyals.

01:47Requirements included an increase of about 7.2% to exceed 37 billion Riyals during this period.

01:55Moving on to financing, and we were talking about this main factor,

02:00which supported the results of the bank's business during the first quarter of this year.

02:05Therefore, we notice that financing represents about 60% of the company's total assets.

02:11However, deposits also had an increase of 8.4%,

02:16as a result of the increase in interest rates in Qatar, which was more than 6% during this period.

02:22Contributing rights, we are talking about increases of 4.2%,

02:27of which approximately 2.2 billion Riyals were added as a result of the circular profits.

02:34Also, unorganized loans, this time we are talking about this type of loans,

02:39which is based on the fact that the holders of the commitments do not fulfill their commitments for more than 6 months

02:46for the specific dates in the repayment of the compensation.

02:49Therefore, we notice that the reduction in the amount of financing was 2.9%

02:55and as a result of this, the debts are suspected of being paid,

02:59and more than 52 million Riyals were recorded.

03:03Moving this time to the inflated financing, which recorded approximately 3.2%

03:10and this percentage is higher than the numbers that were recorded in previous periods.

03:15The capital of the money today is 18.5%,

03:19this is in accordance with the requirements of the Basel agreement,

03:22and therefore, these numbers are considered higher than the requirements that we talked about in accordance with this agreement.

03:30As for the Qatar International Bank, it was also able to get ratings from rating agencies,

03:36which is considered positive.

03:38Therefore, we notice for Moody's, A2, and also for Fitch,

03:42there were also directions for the Qatar International Bank to issue a $500 million sustainability bond for five years,

03:50and this is the first time since 2021,

03:53and this proposal will be used to expand and strengthen the liquidity of the bank.

04:00The cash distributions were also positive during the past period in 2023,

04:05and the cash distribution profits were approximately 45% of the capital,

04:10and in total, it exceeds 680 million Riyals.

04:14As for the market value of the bank today, it reaches approximately 15.9 billion Riyals.

04:20So, this was a look at the results of the Qatar International Bank during the first quarter of this year,

04:26which was able to be higher than expected.

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