Mubasher: The financial statements of Al Ahli Bank showed a 3.6% rise in its profits for the first quarter of 2018.

Profits amounted to QAR 176.09 million in Q1-18, compared to QAR 170.02 million in Q1-17, according to the bank’s statement to the Qatar Stock Exchange (QSE) issued on Wednesday.

Earnings per share (EPS) declined to QAR 0.48 in Q1-18 versus QAR 0.81 in the same period of the previous year.

Moreover, the bank's capital adequacy ratio remained at 16.7% well above the regulatory requirements, the Qatar-listed lender said.

For the full-year 2017, Al Ahli’s profits went up 1.3% to QAR 639.71 million, from QAR 631.75 a year earlier.