Q4 2025 Commercial Bank PSQC Earnings Call Transcript
Key Points
- The Commercial Bank (Q.S.C.) (DSMD:CBQK) reported a net profit before Pillar 2 tax of QAR2,384 million for the year ended 31st December 2025, indicating strong core income momentum.
- Net interest income increased by 3% year-on-year, supported by continued balance sheet growth.
- The bank's retail and wealth business continues to deliver consistent returns, with retail lending growing by 4.8% year-on-year.
- The bank has a strong reputation as a leading digital and innovation-driven bank in Qatar, with award-winning customer service.
- The bank's associates performed well, contributing a 23.2% increase to the group's income.
- The year-on-year decline in profit was primarily due to higher net provisions and increased operating expenses.
- The bank reported a loss of QAR144.7 million from its Turkish subsidiary, impacted by hyperinflation.
- The net cost of risk is expected to remain elevated at 80 to 100 basis points for 2026 and 2027, higher than normalized levels.
- The bank's cost-to-income ratio increased to 29.5%, with Alternatif Bank reporting a high cost-to-income ratio of 75%.
- The bank faces margin pressure due to global rate normalization and increasing competition, impacting net interest margins.
Good afternoon, ladies and gentlemen. I'm Mohamed Farhan, Head of Investor Relations, and I welcome you all to the Commercial Bank full-year 2025 results and the strategy update.
On this call, I have on to my left, Stephen Moss, who is the Group Chief Executive Officer of Commercial Bank. And to my far left is Noman Ali, who's the Chief Financial Officer of Commercial Bank. During the duration of this call, we'll put you on mute. And once the presentation is complete, I'll come back to you for question and answers.
And now I hand over to Stephen Moss, who will provide an update on our strategy.
Good afternoon, everybody. Thank you, Farhan. For those of you who don't know me, my name is Stephen Moss. I joined as Group CEO of the Commercial Bank on the 1st of August last year. Now today, as Farhan said, we're going to talk you through the next phase of our strategy for the period from 2026 to 2030, which we've been
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