Qatar National Bank (EGX: QNBE)

Qatar National Bank Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	99,870	77,224	44,001	32,133	30,738	32,373
Interest Income on Investments	152.77	85.13	56.57	46.38	35.19	49.61
Total Interest Income	100,022	77,309	44,057	32,180	30,773	32,422
Interest Paid on Deposits	63,072	46,340	24,032	16,793	16,101	18,620
Net Interest Income	36,950	30,969	20,025	15,386	14,673	13,803
Net Interest Income Growth (YoY)	47.44%	54.65%	30.15%	4.86%	6.30%	24.17%
Income From Trading Activities	673.61	632.5	464.27	118.87	111.94	119.75
Gain (Loss) on Sale of Assets	10.08	10.08	0.78	13.12	8.16	2.9
Gain (Loss) on Sale of Investments	216.66	88.1	69.21	8.34	6.49	6.65
Other Non-Interest Income	4,583	3,948	2,449	2,030	1,803	1,972
Total Non-Interest Income	5,483	4,678	2,983	2,170	1,929	2,101
Non-Interest Income Growth (YoY)	35.79%	56.85%	37.44%	12.50%	-8.18%	1.25%
Revenues Before Loan Losses	42,434	35,648	23,008	17,557	16,602	15,904
Provision for Loan Losses	6,732	5,673	3,726	2,273	2,137	697.16
Revenue	35,702	29,975	19,282	15,284	14,465	15,206
Revenue Growth (YoY)	43.09%	55.46%	26.16%	5.66%	-4.88%	20.11%
Salaries and Employee Benefits	3,221	2,807	2,282	1,965	1,826	-
Occupancy Expenses	498.1	478.76	443.42	398.98	335.25	-
Selling, General & Administrative	3,071	2,916	2,567	1,956	1,677	3,630
Other Non-Interest Expense	-4,129	-1,214	-1,457	-164.08	-189.31	94.61
Total Non-Interest Expense	2,660	4,987	3,835	4,156	3,648	3,724
EBT Excluding Unusual Items	33,041	24,987	15,447	11,128	10,817	11,482
Asset Writedown	-3.93	-38.83	38.62	9.99	-247.1	-25.95
Legal Settlements	-29.06	-26.79	5.6	-2.78	-1.48	-12.44
Pretax Income	33,008	24,922	15,491	11,135	10,568	11,444
Income Tax Expense	11,704	8,693	5,141	3,508	3,077	2,922
Earnings From Continuing Operations	21,305	16,228	10,350	7,627	7,492	8,522
Minority Interest in Earnings	-0	-0	-0	-0	0.01	-0
Net Income	21,305	16,228	10,350	7,627	7,492	8,522
Preferred Dividends & Other Adjustments	2,560	2,067	1,295	937.68	848.08	1,050
Net Income to Common	18,745	14,161	9,055	6,689	6,643	7,473
Net Income Growth	49.39%	56.79%	35.72%	1.80%	-12.09%	18.35%
Basic Shares Outstanding	2,155	2,155	2,155	2,155	2,155	2,155
Diluted Shares Outstanding	2,155	2,155	2,155	2,155	2,155	2,155
Shares Change (YoY)	-	-	-	-	-	-0.00%
EPS (Basic)	8.70	6.57	4.20	3.10	3.08	3.47
EPS (Diluted)	8.70	6.57	4.20	3.10	3.08	3.47
EPS Growth	46.53%	56.38%	35.38%	0.68%	-11.10%	20.29%
Dividend Per Share	-	-	0.750	0.750	-	-
Effective Tax Rate	35.46%	34.88%	33.19%	31.51%	29.11%	25.53%

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