Mubasher: Qatar International Islamic Bank (QIIB) posted a 5% year-on-year profit increase for the third quarter of 2018.

Net profits amounted to QAR 735 million in Q3-18, from QAR 700 million in Q3-17, according to the bank’s statement to the Qatar Stock Exchange (QSE) late on Monday.

Earnings per share (EPS) amounted to QAR 4.86 for the three-month period ended September, compared to QAR 4.63 for the same period of the previous year.

The lender’s total income hiked 14.3% to QAR 1.5 billion in Q3-18, versus QAR 1.3 billion in the same period the year before.

By the end of Q3-18, QIIB’s capital adequacy ratio (under Basel III) stood at 16.47 %, which confirms the Qatari bank's solid position and its capability to cope with the various market risks, Abdulbasit Ahmad al-Shaibei, CEO of QIIB, said.

By 11:08 am Qatar time, QIIB’s stock rose 1.31% at QAR 58.54.