Qatar · Delayed Price · Currency is QAR Qatar National Bank (Q.P.S.C.) Earnings Call Transcripts
Fiscal Year 2026
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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 strong Turkish franchise performance prompting an upgrade in full-year profit guidance. Asset quality, capital, and liquidity remain robust, while cost and risk metrics are well controlled.
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.