- Qatar National Bank reported a net income of 4.1 billion riyals in the first quarter.
- The bank’s operating income for the same period was 10.4 billion riyals.
- Qatar National Bank’s total assets amounted to 1.24 trillion riyals.
- Net loans provided by the bank reached 867 billion riyals.
- The bank held customer deposits worth 880 billion riyals.
- The loan to deposit ratio at the bank was 98.6%.
- The non-performing loans ratio was recorded at 2.9%.
- The bank’s coverage ratio for non-performing loans stood at 98%.
- The capital adequacy ratio was 19.1%.
- The bank’s performance was rated with 6 buys, 3 holds, and 0 sells.
A look at Qatar National Bank QPSC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to the Smartkarma Smart Scores, Qatar National Bank QPSC has an overall outlook of average to slightly above average. The bank scores a 3 out of 5 for value, dividend, and growth, indicating that it is performing well in these areas. However, the scores for resilience and momentum are lower at 2 out of 5, suggesting that the bank may face some challenges in these aspects.
Qatar National Bank is a popular choice for depositors and offers a range of banking services for both retail and corporate clients. These services include credit, cash management, investment management, private banking, and credit card sponsorship. While the bank primarily serves small and medium-sized businesses, government entities, and individuals, its Smart Scores suggest that it may face some obstacles in terms of resilience and momentum in the long-term. Overall, Qatar National Bank QPSC presents a solid option for those seeking banking services in Qatar.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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