Qatar · Delayed Price · Currency is QAR Qatar National Bank (Q.P.S.C.) Earnings Call Transcripts
Fiscal Year 2026
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Net profit rose 3% to QAR 8.7 billion for H1 2026, with strong operating income and asset growth. Guidance for profit and loan growth remains unchanged, despite temporary disruptions from regional geopolitical events. Capital and liquidity metrics remain robust.
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Q1 2026 delivered 2% net profit growth and 10% operating income growth, with strong asset and deposit increases despite regional disruptions. International operations offset domestic softness, and guidance remains positive for 2026.
Fiscal Year 2025
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Net profit rose 2% to QAR 17 billion in 2025, with adjusted growth of 10% excluding new global taxes. Guidance for 2026 targets 6%-8% profit growth, 7%-9% loan and deposit growth, and a slight NIM contraction. Major LNG projects and robust international operations support outlook.
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Net profit rose 1% to QAR 12.8 billion, with adjusted growth of 9% excluding new taxes. Loan growth guidance for 2025 was raised to 8%-10%, and digital banking initiatives advanced in Turkey, Egypt, and Saudi Arabia. Provisions remain elevated due to Turkey's macro environment.
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Net profit rose 3% year-over-year to QAR 8.4 billion, with strong asset and loan growth and stable asset quality. Guidance for loan, deposit, and asset growth was upgraded, while the cost-to-income and capital adequacy ratios remain robust.
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Q1 2025 net profit rose 3% year-over-year to QAR 4.3 billion, with operating income up 6%. Upgraded full-year profit guidance reflects strong Turkish franchise performance, while asset quality and capital ratios remain robust. Dividend payout ratio guidance is unchanged.
Fiscal Year 2024
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Net profit rose 8% to QAR 16.7 billion in 2024, with strong asset growth and improved asset quality. Guidance for 2025 includes 5-7% loan and deposit growth, 7-9% profit growth (pre-tax), and stable margins, while a 15% minimum tax will be implemented.
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Net profit rose 7% year-over-year to QAR 12.7 billion, with strong asset and loan growth and a robust capital position. Cost growth is mainly driven by Turkey, but margins and asset quality remain resilient. Guidance for loan growth was upgraded, and a share buyback is underway.
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Q2 2024 saw 7% net profit growth and 9% operating income growth, with strong asset and deposit increases. Guidance for balance sheet and P&L growth was raised, and an interim dividend was announced. Margin pressure from Turkey and Egypt is expected to normalize by year-end.