QNB AlAhli's profits dip to LE 7.49B in 2020

CAIRO – 13 April 2020: Qatar National Bank Alahli (QNBA) recorded consolidated profits of LE 7.49 billion during 2020, compared to LE 8.52 billion including minority rights, during 2019, marking a decrease of 12.09 percent. 

The bank’s financial indicators revealed recording net income from revenue at LE 14.63 billion, compared to LE 13.75 billion in 2019. 

As per QNBA standalone results, profits hiked to hit LE 7.4 billion, down from LE 8.32 billion in 2019. 

During the first nine months of 2020, the bank recorded consolidated profits of LE 5.64 billion, compared to LE 6.45 billion including minority rights, during the same months of 2019. 

As per QNBA standalone profits, they declined to LE 5.57 billion, down from LE 6.2 billion in the same months of 2019. 

QNB Alahli operates within the banking sector. It has subsidiaries operating across Egypt.