27 Jan 2021 - 8:10
The Peninsula
Doha: QIIB has recorded a net profit of QR937.7m for the year ended December 31, 2020, with a growth rate of 1.2 percent compared to QR927m in 2019. The bank’s earnings per share stood at QR0.55. While the total assets grew by 7.9 percent to QR61.3bn from QR56.8bn during the same period.
QIIB Chairman and Managing Director Sheikh Dr. Khalid bin Thani bin Abdullah Al Thani, said: “The bank’s results for the year ended December 31, 2020 have clearly proven the bank’s ability to maintain the stability of its financial and profitable indicators, while overcoming the factors that shook the world’s markets in 2020, especially after COVID-19 pandemic ramifications. This in itself is a great achievement, which we owe, in the first place, to the wise strategy adopted by the Government and the supervisory authorities to support the Qatari economy in its various sectors, under the directives and the patronage of the Amir H H Sheikh Tamim bin Ha
QIIB wins ‘Qatar’s Most Innovative Islamic Retail Bank’ award
22 Dec 2020 - 9:32
The Peninsula
Doha: QIIB has been chosen for ‘Qatar’s Most Innovative Islamic Retail Bank’ award 2020, instituted and granted annually by the Islamic Retail Banking Awards Committee in collaboration with Cambridge University in the UK.
Citing reasons for granting QIIB the award for the second year, the Committee said, “QIIB continues to take the leading role in Islamic banking and has succeeded in maintaining stability of its various budget items. The Bank has faced challenging circumstances wisely and maintained an upward growth trend”.
The Committee noted, “QIIB has made continuous strides in the field of digitistion and it is providing comprehensive services to its customers, retail sector in particular. Prominent global credit rating agencies have praised the bank’s role and its high-level of retail services, all of which support QIIB’s deserving win of this awar