DOHA: Barwa Bank Group has recorded a net income of QR529mn in Q2 this year compared to the QR470mn posted in the corresponding period last year, representing growth of 12.5 per cent.
The results showed the group continues its positive performance with total income standing at QR1.8bn compared to QR1.4bn in the same period last year, a growth of 22 per cent.
Total assets now stand at QR75.4bn. Cost-to-income ratio is down to 31.8 per cent from 37.7 per cent, a positive indication of the realisation of the merger synergies and the cost control actions undertaken by the bank’s management.
Barwa Bank Group remains steadfast on its mission to strengthen its position in Qatar’s financial sector. The group is committed to supporting the national economy, working towards achieving the strategic goals envisioned by the Amir, H H Sheikh Tamim Bin Hamad Al Thani in the 2030 Qatar National Vision.