Home Business QNB group profits jump 10% to $ 3.6 billion in 2021

QNB group profits jump 10% to $ 3.6 billion in 2021

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The QNB Group’s net profit grew 10% in the last year year-on-year to 13.2 billion Qatari riyal, or $ 3.6 billion.

The growth was supported by 6% growth in loans and advances during the year to reach 764 billion Qatari riyals.

The NPL ratio rose to 2.3% of total loans at the end of last year, from 2.1% in 2020.

The coverage ratio of these debts also rose to 117% from 107% the previous year.

In this context, the QNB Group has recommended distributing dividends in cash to shareholders at a rate of 55% for the past year.

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