Dukhan Bank reports a net profit of QAR 1.19 billion for the nine-month period ended 30 September 2026
- Total assets reached QAR 126.8 billion, marking a 2.4% increase since December 2025, with the Loan book reaching QAR 94.0 billion
- Bank achieved a robust CAR of 19.1%, well above the minimum statutory limits
- Total deposit base remained robust, underscoring customers’ confidence and the strength of the Bank’s value chain
Dukhan Bank (“the Bank” or “the Group” when referred to along with its subsidiaries; QSE Ticker: DUBK) announced its financial results for the nine-month period ended 30 September 2026, reporting net profit of QAR 1.19 billion.
Key Performance Highlights
| Total assets QAR 126.8 billion +2.4% vs. YE’25 | Financing assets QAR 94.0 billion +4.5% vs. YE’25 | Total Deposits QAR 90.0 billion +2.5% vs. YE’25 |
| Net profit QAR 1.19 billion +0.1% vs. 9M’25 | EPS QAR 0.215 per share | Total equity QAR 15.9 billion +4.8% vs. YE’25 |
Analysis of Group’s financial performance
| Key financial performance indicators Amounts in QAR’ millions | 9M 2026 | 9M 2025 | Growth (%) |
|---|---|---|---|
| Net banking income | 2,260 | 2,133 | +6.0% |
| Net operating income | 1,556 | 1,454 | +7.0% |
| Net profit | 1,192.4 | 1,191.6 | +0.1% |
| Earnings per share (QAR) | 0.215 | 0.215 | +0.0% |
Despite the challenging geopolitical situation, the Group delivered solid financial results during the first nine months of 2026, underscoring the successful execution of its strategic initiatives and building on previously established momentum. Net profit edged up by 0.1%, supported by a robust 6.0% increase in net banking income.
This uplift in net banking income reflects the Group’s continued emphasis on revenue diversification and the strengthening of non-interest income streams. Prudent management of funding costs, even in difficult external conditions, provided additional support.
During the first nine months of the year, and against the backdrop of prevailing market conditions and ongoing challenges, the group focused on maintaining strong liquidity levels while further strengthening its risk management measures.
These actions have contributed to reinforcing the group’s financial position and resilience against market volatility, positively reflecting on its performance indicators and overall financial strength.
Operational efficiency remained a core strategic priority, with ongoing optimization initiatives further enhancing profitability. Overall, these results highlight the Group’s resilience and its ability to sustain growth in an evolving operating environment.
Analysis of Group’s financial position
| Key financial position indicators Amounts in QAR’ millions | 30 September 2026 | 31 December 2025 | Growth (%) |
|---|---|---|---|
| Financing assets | 94,050 | 90,013 | +4.5% |
| Total assets | 126,775 | 123,782 | +2.4% |
| Total deposits | 89,961 | 87,793 | +2.5% |
| Total equity | 15,928 | 15,201 | +4.8% |
The Group maintained its asset base at QAR 126.8 billion as of September 2026, reflecting a 2.4% increase from 31 December 2025. Financing assets stood at QAR 94.0 billion, representing 74% of total assets, complemented by investment securities of QAR 24.8 billion, which accounted for 20% of total assets.
Loan book growth
During the period, the Bank’s loan book reached QAR 94.0 billion, up 4.5% from the last year‑end. This expansion is consistent with the Bank’s strategic objective of steadily strengthening its market presence while maintaining disciplined and efficient capital deployment. The Bank continues to prioritize a well‑diversified portfolio, with a clear emphasis on asset quality over volume, ensuring prudent risk management and sustainable growth.
Assets quality
The Group’s strong credit risk discipline and proactive portfolio management were reflected in the non‑performing loan (NPL) ratio, which declined to a record low of 3.8% as of September 2026 (December 2025: 4.2%). In parallel, the Stage 3 coverage ratio remained robust at 78.5% (December 2025: 75.7%), underscoring the Group’s prudent approach to credit provisioning and effective risk mitigation.
Funding and Liquidity
The Group continued to strengthen and diversify its funding base by leveraging long‑standing client relationships and maintaining a balanced maturity profile. Customer deposits rose by 2.5% to QAR 90.0 billion, remaining robust at levels that underscore customer confidence and the strength of the Bank’s franchise.
These developments supported a solid liquidity position, with the regulatory loan‑to‑deposit ratio at 99.0% (December 2025: 98.1%). Both the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) remained comfortably above regulatory thresholds throughout the period.
Capital
As at 30 September 2026, the Group maintained a strong capital position. The total capital adequacy ratio stood at 19.1% (December 2025: 18.2%), well above the Qatar Central Bank minimum requirement of 14.6%, reflecting prudent balance sheet management and resilience.
Strategic campaigns and partnerships
During the third quarter of 2026, Dukhan Bank continued to advance its digital transformation and customer engagement agenda through strategic partnerships, payment innovations, and targeted campaigns.
The Bank signed a Memorandum of Understanding with Lesha Bank to explore collaboration on investment solutions, entered into a cooperation agreement with the Ministry of Commerce and Industry to integrate its services with the Single Window platform and streamline the journey for investors establishing companies in Qatar, and expanded its partnership with MEEZA through an additional QR 1.6 billion Commodity Murabaha facility to support the next phase of MEEZA’s data center expansion plans.
Dukhan Bank also further expanded its Himyan proposition through Apple Pay and Samsung Wallet capabilities. The Bank was also among the first commercial banks in Qatar to join the AFAQ Payments System, strengthening connectivity across the GCC and supporting greater efficiency, speed, and security in cross-border payments and financial transfers. These developments reflect the Bank’s continued focus on strengthening its digital infrastructure, broadening customer access, and supporting Qatar’s evolving financial and business ecosystem.
Alongside these initiatives, Dukhan Bank continued to deliver targeted customer campaigns, including its Harrods UK offer, Back-to-School campaign, and Salary Transfer campaign, providing eligible customers with additional value across everyday banking and lifestyle needs. The Salary Transfer campaign offers eligible new customers a cash bonus of up to 20% when transferring their salary and benefiting from selected retail banking products.
Prestigious Recognition
The third quarter brought further regional and international recognition for Dukhan Bank, reflecting its continued progress across Islamic banking, digital innovation, and customer-focused financial solutions.
The Bank was named “Best Business Card Offering in MENA 2026” at the MEED MENA Banking Excellence Awards, recognizing its continued focus on developing practical, secure, and Shariah-compliant solutions for corporate and SME customers.
Dukhan Bank also received two prestigious titles at the Euromoney Islamic Finance Awards 2026, being named Qatar’s Best Islamic Bank and Qatar’s Best Islamic Digital Bank. The awards recognize the Bank’s continued advancement of Shariah-compliant financial solutions alongside its investment in digital banking and customer experience.
Adding to these achievements, Ahmed I. Hashem, Acting Group Chief Executive Officer, was named among Forbes Middle East’s Top 100 CEOs 2026, reflecting the Bank’s continued regional standing and leadership in Islamic banking.
