David Proctor, al khaliji Chief Executive Officer commented "The impact from launching our first retail branches less than 3 months ago has been immediate. Customer deposits increased QAR936mm in the quarter and customer loans, advances and financial activities now total QAR4.86bn.
The global financial crisis offers tremendous opportunities for a new, well capitalized bank like al khaliji and customers and shareholders can expect to see further expansion in our branch network before the year end. Our Corporate and Islamic Banking businesses are also very active so I'm delighted with our progress - and very proud of the special staff we have at al khaliji!"
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al khaliji announces its September 2008 financial results
- Qatar: Saturday, October 25 - 2008 at 10:34
- PRESS RELEASE
al khaliji, headquartered in Doha, Qatar, today unveiled its third quarter financial results for 2008. Year to date September net income was QAR21.2mm and total assets reached QAR7.8bn.
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About al khalijial khaliji was incorporated in Doha in January 2007 with an aim to become a regional GCC bank offering conventional and Islamic banking services.
Since incorporation al khaliji completed its IPO and listing on the Doha Securities Market and raised QAR7.2bn of authorised capital, recruited 394 staff, successfully launched all four of its business lines (Corporate & Institutional Banking, Treasury & Debt Capital Markets, Premium / Business and Retail Banking). It also announced a commercial agreement to purchase the UAE assets of BLC (France) S.A. and opened an office in the Dubai International Financial Centre.
For further information please contact:
Florence Janin
Senior Executive, Corporate Affairs, al khaliji
Mobile: +974 559 1547
Posted by Nadeen El AjouSaturday, October 25 - 2008 at 10:34 UAE local time (GMT+4)
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