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Doha, Qatar - on Tuesday, gatlinburg 8 يوليو 2014 [ME NewsWire] Group announced QNB, one of the strongest banks in the world and the banking institution a leader in the Middle East and North Africa, announced its financial results for the first six months of 2014.'s Net profit group QNB 5,1 billion riyals (1.4 billion U.S. dollars) for the first six months of 2014, an increase of 7.0% compared with the same period last year. Has led the group's policy in the management gatlinburg of costs and ability to achieve strong growth in revenue to maintain the efficiency ratio (cost to income) at 21.5%, which is considered among the best rates on the level of financial institutions in the region. The Group's total assets increased by 7.9% since June 30, 2013 to reach 466 billion riyals (127.9 billion U.S. dollars), the highest level in the history of the bank. The Bank was able to achieve this through strong growth in loans and advances increased by 10.1% to reach 326 billion riyals (89.6 billion U.S. dollars). The bank kept the rate of non-performing loans as a percentage of the total loan portfolio at the level of 1.6%, which is among the lowest on the scale banks in the Middle East and Africa, which reflects the high quality of the loan portfolio and the effectiveness of the policy of credit risk management. The Group continued its policy of reserving the building where the percentage of allowances to cover non-performing loans 123% by the end of the second quarter of 2014. Parallel Customer gatlinburg deposits increased by 5.8% to reach 345 billion riyals (94.8 billion U.S. dollars), gatlinburg which contributed in the arrival of loan to deposit ratio to a level of 95%. The total shareholders' equity increased by 10.4% since June 30, 2013 to reach 54 billion riyals (14.7 billion U.S. dollars). As Earnings per share of 7.2 riyals (U.S. $ 2.0) compared with 6.8 riyals in the June 30, 2013. Has begun to apply the requirements of the Group of Qatar Central Bank and the Basel Committee III of calculating the capital adequacy ratio as of the data for the first quarter of 2014 , The percentage was 15.9% in the June 30, 2014, a rate higher than the requirements of Qatar Central Bank. The focus group's gatlinburg policy to maintain a solid base of capital to support its strategic plans for the future. As a result of the high credit rating of the group and the quality of its assets outstanding, QNB was named among the fifty safest banks in the world according to Global Finance. Thanks to the continued strong performance and increase the spread of the group on the international level, managed the group to improve ranking as the most valuable brand in the Middle East and North Africa occupies ranked No. 101 in the world valued at 1.8 billion U.S. dollars, an advanced ranking gatlinburg of 120 and a value of 1 0.3 billion U.S. dollars at year-end 2012., and the group is present through its subsidiaries and its subsidiaries and affiliates in 26 countries around the world, offering the latest banking services to its customers through more than 600 branches and representative offices and ATM network of more than 1,270 device, and employs more than 13,900 employees. Contacts QNB Group Maha Mubarak Ali +974 44975704 PR@qnb.com.qa
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