Qatar National Bank SAQ (DSMD:QNBK) Q1 2025 Earnings Call Highlights: Strong Asset Growth and ...
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 15 2025
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Source: Yahoo Finance
Financial Performance: Qatar National Bank SAQ reported a net profit of QAR4.3 billion ($1.2 billion) for Q1 2025, a 3% year-over-year increase, with operating income rising to QAR11 billion ($3 billion), up 6%. Total assets grew by 7% to QAR1.324 trillion ($364 billion).
Guidance and Market Conditions: The bank adjusted its profitability guidance upward due to strong performance from its Turkish franchise, now expecting a net profit increase of 10% to 12% before global minimum taxes, while the effective tax rate was lower than anticipated at 18.5%, influenced by hyperinflationary impacts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
