Commercial Bank net profit before Pillar Two Tax reaches QR1,083.0m in H1

The Commercial Bank and its subsidiaries in Qatar reported net profit before Pillar Two Tax of QR1,083.0 million for the six months ended 30 June 2026, supported by resilient operations in the first half. Net Operating Income rose 9.4% year on year to QR2,459.4 million, driven by higher net interest income and fee income, though higher net provisions and operating expenses offset the gains. The bank attributed expense increases to continued investment in digital capabilities, including AI, and to staffing. Results also included a loss of QR28.2 million from Alternatif Bank after hyperinflation accounting. Total balance-sheet growth came from higher customer loans and advances and higher deposits. The bank accrued QR69.3 million for BEPS Pillar Two Tax. On a normalized basis excluding LTIS-related movements, adjusted net profit before Pillar Two Tax was QR1,107.8 million; net profit after Pillar Two Tax excluding LTIS was QR1,038.5 million.