Q2 2025 Doha Bank QPSC Earnings Call Transcript
Key Points
- Total assets grew by 16.2% year on year and 11.6% year to date, driven mainly by a 10.3% increase in the investment book.
- The bank achieved a profit of QAR 467 million for the first six months of 2025, marking an 8.1% year-on-year growth.
- Net impairment on loans decreased to QAR 322 million from QAR 417 million in the same period last year, indicating improved asset quality.
- Specific provision coverage improved to 78.8% compared to 74.8% at the end of the previous year, with a target to reach 80% by year-end.
- Fee and commission income grew by 10% year on year, with plans to increase its contribution to total operating income over the next few years.
- Loan growth was muted due to geopolitical tensions, with only a 1.7% year-on-year increase, impacting the bank's ability to meet its growth targets.
- Net interest margin (NIM) contracted by 18 basis points to 1.74%, with expectations of further contraction before improvement later in the year.
- The cost-to-income ratio increased to 39.1%, with operating costs rising by 8% year-on-year, reflecting ongoing transformation expenses.
- Non-performing loans (NPLs) increased slightly to 7.66%, with the bank aiming to reduce this to 7% by year-end through loan growth and asset quality resolutions.
- The bank faces potential tax liabilities after a five-year exemption period, requiring strategic reevaluation for international operations.
(audio in progress) growing the fixed income portfolio and launching (technical difficulty) hedged around 5% as geopolitical -- geopolitics impacted the loan book drawdowns. We remain focused on our portfolio optimization. Our deliberate exit from low-yield exposures strengthens the path to sustainable profitability.
In closing, (technical difficulty) clients, our employees, partners, and shareholders for their continued trust. Our journey under (technical difficulty) is still unfolding, but quarter by quarter, we are proving that Doha Bank is transforming with discipline, with ambition, and with purpose. We remain committed to building long-term value, reinforcing stability, and contributing to Qatar's economic diversification goals.
Thank you all for joining and with no further ado, I would like to hand it over to Mr. Aman, our Group CFO, to share the financial highlights
Thank you, Dimitrios.
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