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00:00 The interest rates are supported by the QNP Bank of Qatar, and that is from the first quarter of 2024.
00:10 So what does the list of financial data of this largest bank in the region and North Africa hold?
00:18 The first quarter of the year saw a 7% growth in revenue, up to 4.14 billion Riyals,
00:30 with the growth of interest rates, which were 40% up to 29.02 billion Riyals.
00:38 The operating interest rates, however, supported these results when they grew by 11% to 10.4 billion Riyals,
00:48 with an increase in interest rates of 55% to the remaining unit of the QNP Bank.
00:57 The QNP Bank's specialties were 1.7 billion Riyals, with support for the reduction of unregulated debt rates.
01:09 But the bank suffered a lot from what is known as high inflation, with 62% increases to 1.2 billion Riyals.
01:21 This was due to the decrease in the exchange rate in both Egypt and Turkey, which greatly pressured the bank's overall results.
01:31 As for the rest of the list of income and the different sectors' revenues,
01:36 the companies had a 23% growth at 4.4 billion Riyals.
01:44 The consumption sector grew by 6% to more than 325 million Riyals.
01:52 The only assets and wealth were 13% at 326 million Riyals,
02:00 while international operations contributed 21% to 5.2 billion Riyals.
02:08 The financial center of the bank was 5% at more than 237 trillion Riyals.
02:22 The loans and other bonds grew by 7% to 867 billion Riyals.
02:30 The balance of the bank's balance sheet grew by 6% to 880 billion Riyals.
02:39 The shareholder's rights grew by 3% to 105 billion Riyals.
02:46 The financial sector's revenues and the most prominent feature is the high inflation, which greatly pressured the bank's overall results.
03:00 The current debt was at 2.19%, while the current debt coverage was at 98%.
03:10 The remaining data shows that the financial center's revenues and debt coverage were at 19.10%,
03:21 while the current debt coverage was at 162%.
03:27 The other indicators are the return on investment at 0.42 Riyals for the first share,
03:35 while the operating profit was at 21.17%.
03:40 What about the financial data and financial indicators for the bank?
03:46 The number of bonds issued was 1 billion dollars for 5 years in January.
03:55 There were also bonds issued for Mosa, but the commercial mark of the bank is still at the top 45 worldwide,
04:04 at 7.7 billion dollars.
04:08 The remaining data show that the commercial value of the bank is at 132 billion Riyals.
04:16 The financial indicators are always good, including Fitch S&P and Modez.
04:24 The high inflation greatly pressured the bank's overall results,
04:30 but the interest rates supported the bank's profits in the first quarter of 2024.