Commercial Bank of Qatar 2017 Net Profit Rises 20%

The transcript discusses the financial performance of a Qatari bank, highlighting a rise in net profit and asset growth despite challenges. The bank's CEO, Joseph Abrahamz, outlines strategies for improving profitability, including focusing on public sector growth and potential M&A activities. The bank aims to strengthen its position in Qatar and expand in Turkey. Funding costs are expected to rise slightly due to the blockade, but demand remains strong. The bank is also in talks to sell its stake in United Arab Bank, with plans to reinvest in Qatar and Turkey.

What was the net profit figure reported by the Commercial Bank?

• 604 million Qatari rials

• 800 million Qatari rials

• 500 million Qatari rials

• 700 million Qatari rials

How did the Commercial Bank's loan growth compare to the market?

• It was significantly lower than the market

• It outperformed the market

• It matched the market

• It was lower than the market

What is the bank's primary focus before engaging in M&A activities?

• Expanding into new markets

• Increasing marketing efforts

• Strengthening capital and profit generation

• Reducing operational costs

What impact did the blockade have on the bank's funding costs?

• Significant increase in costs

• Slight increase in costs

• Decreased costs

• No impact

What strategic move is the bank making in Turkey?

• Reducing investments

• Focusing solely on Qatar

• Exiting the market

• Growing the business with new management

How has the Qatari economy adjusted to the ongoing Gulf standoff?

• It has remained unchanged

• It has collapsed

• It has shown resilience

• It has struggled significantly

What is the expected increase in funding costs due to the blockade?

• 10 to 15 basis points

• 20 to 25 basis points

• 15 to 20 basis points

• 5 to 10 basis points