The Commercial Bank (P.S.Q.C.) Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 25, 2022 at 02:52 pm EDT
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The Commercial Bank (P.S.Q.C.) reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest income was QAR 1,002.41 million compared to QAR 922.92 million a year ago. Net income was QAR 795.27 million compared to QAR 724.51 million a year ago. Basic earnings per share from continuing operations was QAR 0.2 compared to QAR 0.18 a year ago.
For the six months, net interest income was QAR 1,956.2 million compared to QAR 1,778.96 million a year ago. Net income was QAR 1,432.35 million compared to QAR 1,327.25 million a year ago. Basic earnings per share from continuing operations was QAR 0.35 compared to QAR 0.33 a year ago.
Commercial Bank PSQC, formerly Commercial Bank QSC, is a Qatar-based financial institution that provided banking solutions. The Bankâs operations are structured into two business segments: the Wholesale banking segment provides s a range of conventional commercial and investment banking services and products to large, medium and small enterprises, including corporate lending, trade finance, syndicated loans, deposits, letter of credit and guarantees, and the Retail Banking segment provides conventional retail banking services and products to retail customers in Qatar, including current and deposit accounts, wealth management, mortgage lending, personal and vehicle loans and credit card and other card services. The Bank operates through a network of nearly 29 full services branches and 152 automated teller machines (ATMs). In addition, the Bank owns and operates Diners Club franchises in Qatar and Oman.