Qatar National Bank (EGX: QNBE)

Qatar National Bank Income Statement

Financials in millions EGP. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	120,441	77,224	44,001	32,133	30,738
Interest Income on Investments	180.16	85.13	56.57	46.38	35.19
Total Interest Income	120,621	77,309	44,057	32,180	30,773
Interest Paid on Deposits	79,329	46,340	24,032	16,793	16,101
Net Interest Income	41,292	30,969	20,025	15,386	14,673
Net Interest Income Growth (YoY)	33.33%	54.65%	30.15%	4.86%	6.30%
Income From Trading Activities	979.55	632.5	464.27	118.87	111.94
Gain (Loss) on Sale of Assets	8.16	10.08	0.78	13.12	8.16
Gain (Loss) on Sale of Investments	268.48	88.1	69.21	8.34	6.49
Other Non-Interest Income	5,607	3,948	2,449	2,030	1,803
Total Non-Interest Income	6,863	4,678	2,983	2,170	1,929
Non-Interest Income Growth (YoY)	46.70%	56.85%	37.44%	12.50%	-8.18%
Revenues Before Loan Losses	48,155	35,648	23,008	17,557	16,602
Provision for Loan Losses	5,457	5,673	3,726	2,273	2,137
Revenue	42,698	29,975	19,282	15,284	14,465
Revenue Growth (YoY)	42.45%	55.46%	26.16%	5.66%	-4.88%
Salaries and Employee Benefits	3,663	2,807	2,282	1,965	1,826
Occupancy Expenses	515.14	478.76	443.42	398.98	335.25
Selling, General & Administrative	3,706	2,916	2,567	1,956	1,677
Other Non-Interest Expense	-4,835	-1,214	-1,457	-164.08	-189.31
Total Non-Interest Expense	3,048	4,987	3,835	4,156	3,648
EBT Excluding Unusual Items	39,649	24,987	15,447	11,128	10,817
Asset Writedown	-15	-38.83	38.62	9.99	-247.1
Legal Settlements	-	-26.79	5.6	-2.78	-1.48
Pretax Income	39,634	24,922	15,491	11,135	10,568
Income Tax Expense	13,236	8,693	5,141	3,508	3,077
Earnings From Continuing Operations	26,398	16,228	10,350	7,627	7,492
Minority Interest in Earnings	-	-0	-0	-0	0.01
Net Income	26,398	16,228	10,350	7,627	7,492
Preferred Dividends & Other Adjustments	3,212	2,067	1,295	937.68	848.08
Net Income to Common	23,186	14,161	9,055	6,689	6,643
Net Income Growth	62.67%	56.79%	35.72%	1.80%	-12.09%
Basic Shares Outstanding	2,155	2,155	2,155	2,155	2,155
Diluted Shares Outstanding	2,155	2,155	2,155	2,155	2,155
EPS (Basic)	10.76	6.57	4.20	3.10	3.08
EPS (Diluted)	10.76	6.57	4.20	3.10	3.08
EPS Growth	63.73%	56.38%	35.38%	0.68%	-11.10%
Dividend Per Share	-	-	0.750	0.750	-
Effective Tax Rate	33.40%	34.88%	33.19%	31.51%	29.11%

Source: S&P Capital IQ. Banks template. Financial Sources.