The Commercial Bank (P.S.Q.C.) Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 16, 2023
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The Commercial Bank (P.S.Q.C.) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was QAR 942.15 million compared to QAR 1,024.47 million a year ago. Net income was QAR 811.13 million compared to QAR 768.98 million a year ago. Basic earnings per share from continuing operations was QAR 0.19 compared to QAR 0.18 a year ago.
For the nine months, net interest income was QAR 2,877.18 million compared to QAR 2,914.55 million a year ago. Net income was QAR 2,365.44 million compared to QAR 2,201.33 million a year ago. Basic earnings per share from continuing operations was QAR 0.56 compared to QAR 0.52 a year ago.
Commercial Bank PSQC, formerly Commercial Bank QSC, is a Qatar-based financial institution that provided banking solutions. The Bankâs operations are structured into two business segments: the Wholesale banking segment provides s a range of conventional commercial and investment banking services and products to large, medium and small enterprises, including corporate lending, trade finance, syndicated loans, deposits, letter of credit and guarantees, and the Retail Banking segment provides conventional retail banking services and products to retail customers in Qatar, including current and deposit accounts, wealth management, mortgage lending, personal and vehicle loans and credit card and other card services. The Bank operates through a network of nearly 29 full services branches and 152 automated teller machines (ATMs). In addition, the Bank owns and operates Diners Club franchises in Qatar and Oman.
THE COMMERCIAL BANK (P.S.Q.C.) 
