QNB AL AHLI achieves a score of 54.17 points on First Bank’s Financial soundness index during H1-2023

 QNB AL AHLI strengthened its Financial soundness index, surpassing the sector average of 50 points on the same index by the end of the first half of 2023.

Financial soundness index, developed by First Bank’s research center, assesses the strength and resilience of financial conditions, focusing on a bank’s ability to safeguard depositors’ and shareholders’ funds.

The index relies on 6 measures: capital adequacy ratio, leverage ratio, assets-to-deposits ratio, ownership rights coverage ratio, loans to deposit ratio, and non-performing loan ratio.

 Qatar National Bank excelled in capital adequacy, securing the third position on First Bank’s list of top Egyptian banks in this category, exceeding both the sector average and the regulatory requirement set by the Central Bank of Egypt.

In leverage ratio, the bank surpassed the banking sector average, recording 9.9% by the end of the first half of 2023, compared to the sector’s 6.3%.

The non-performing loan ratio stood at 4.85%, higher than the sector average of 3.3%. Qatar National Bank also achieved a loans to deposit ratio of 55.08%, ranking eighth in First Bank’s list of the best banks in this category.

However, the assets-to-deposits ratio decreased below the sector average, reaching 117.84% by the end of June 2023, compared to the sector’s 145.67%.

The bank ranked second to last in First Bank’s list of the best banks in assets-to-deposits ratio. On the other hand, shareholders’ Equity coverage ratio exceeded the sector average, reaching 12.47% by the end of June 2023, compared to the sector’s 8.62%.

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