Q2 2026 Commercial Bank PSQC Earnings Call Transcript
Key Points
- The Commercial Bank (Q.S.C.) (DSMD:CBQK) reported a net profit before the impact of Pillar Two tax of QAR1,083 million, supported by strong operating performance.
- Net operating income increased by 9.4% to QAR2,459 million, driven by growth in net interest income and fee income.
- Assets under management in the Retail and Wealth segment increased by 18% year on year to QAR3 billion, with fee income continuing to grow.
- The bank maintained a strong capital position with a CET1 ratio of 12.8% and a total CAR of 18.9%, comfortably above regulatory minimums.
- The AI initiatives, including the Agentic AI credit proposal platform and AI agent assistant, are aimed at unlocking new income opportunities, improving productivity, and reducing costs.
- Net provisions increased significantly to QAR717 million compared to QAR295 million in the same period in 2025, due to a more balanced approach to provisioning and regional conflict-related ECL charges.
- The cost-to-income ratio remains above the target level, with the consolidated ratio at 31.6%, reflecting increased staff costs and investments in technology.
- The net cost of risk was higher than the target range at 106 basis points, influenced by the regional conflict and adjustments in the ECL model.
- Alternatif Bank reported a net loss of QAR28.2 million after hyperinflation, impacting the group's overall performance.
- The bank faces margin pressure due to stiff competition for local deposits and refinancing of medium-term debt at higher rates.
Good afternoon, ladies and gentlemen, and thank you for joining us today. I'm Mohamed Farhan, Head of Investor Relations. And I'm pleased to welcome you all to the Commercial Bank's first-half 2026 earnings conference call.
On this call, I have on to my left, Stephen Moss, who is the Group Chief Executive Officer, Commercial Bank of Qatar. And on to my far left is Noman Ali, who is the Chief Financial Officer of Commercial Bank of Qatar.
(Event Instructions) And now, I'll hand over to Stephen Moss.
Thank you, Farhan. So good afternoon to all. Let me first start by providing some comments on the regional situation.
So as I said last time, Qatar entered this period with strong macroeconomic fundamentals, significant sovereign buffers, prudent fiscal management, and strong credit fundamentals. The country continues to navigate the ongoing uncertain environment from a position of strength.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
