At the end of 2015, the loans and advances portfolio at Qatar National Bank-Alahli (QNB-Alahli) increased to EGP 61.5bn, marking a 27% increase compared to the end of 2014, according to a statement from QNB-Alahli.
QNB-Alahli accounted for 7.82% of the total loans provided by banks operating in Egypt through September 2015, according to the latest data released by the Central Bank of Egypt (CBE).
At the end of December 2015, 2.65% of loans in QNB-Alahli’s loan portfolio were considered at risk of default. The liquidity the bank reserves to cover these loans amounted to 138.6% of its total assets.
The bank’s capital adequacy ratio (CAR) recorded 14.36%, in light of the application of credit policies and the lack of any high-risk assets in the bank’s investment portfolio.
QNB-Alahli noted that customers’ deposits amounted to EGP 108.8bn at the end of December 2015, marking a 31% augmentation compared to 2014.
Meanwhile, individuals’ deposits at the bank increased by 21%, reaching EGP 42.9bn.
QNB-Alahli’s market share amounted to 5.68% of the total deposits in Egypt’s banking sector in September 2015.
The rate of investment for deposits at the bank increased, whereby the ratio of total deposits-to-loans amounted to 59%, compared to the 42% average in the Egyptian banking sector through September 2015, according to the CBE’s data.
QNB-Alahli’s latest business results for 2015 revealed that it achieved significant growth in profits, whereby independent net profits amounted to EGP 3.08bn, marking a 40% increase in comparison to the same period previous year.
Moreover, the bank has recorded EGP 3.192bn in collective net profits, marking a 38% increase compared to 2014.
The total assets at the bank recorded EGP 132.8bn by the end of December 2015, achieving a 29% increase compared to the amount of total assets held at the end of December 2014.
The business results achieved by the QNB-Alahli reflect the efficiency and flexibility of the bank’s policies and executive regulations. QNB-Alahli has 181 branches spread across the country to meet the needs of the largest possible number of customers.
Over 2015, the Global Banking and Finance Review awarded QNB-Alahli four prizes for the second year in a row. The awards include: Best Bank for Treasury Activities, Best Corporate Bank, Best Retail Bank, and Best SME Bank.
The bank aims at supporting small and medium enterprises (SMEs) through an integrated programme that is not only limited to providing banking services, but also aims at providing integrated solutions through a number of subsidiaries.
These subsidiaries include: QNB Alahli Life Insurance Company, QNB Alahli Leasing Company, QNB Alahli Factoring Company and QNB Alahli Asset Management.
