Commercial Bank of Qatar Posts QAR 3.03 Billion Net Profit for 2024 After $750 Million Bond Year

The Commercial Bank of Qatar reported a full-year 2024 net profit of QAR 3.03 billion, a 0.7% increase on the prior year, as the bank closed the financial year with total assets reaching QAR 165.8 billion, up 0.9% year on year. The results were disclosed by the bank on 21 January 2025.

During the year, Commercial Bank completed the issuance of a $750 million international bond, alongside a CHF 225 million Green bond priced at a coupon of 1.7075%.

CAPITAL AND PROFIT DRIVERS

Commercial Bank reported a capital adequacy ratio of 17.2% for the full year. The Common Equity Tier 1 ratio stood at 12.3%.

The bank said profit growth was driven mainly by lower operating costs, lower net provisions and improved performance from its associates.

BALANCE SHEET

Total assets of QAR 165.8 billion represent a 0.9% expansion from the prior year.