Doha – Mubasher: Al Khalij Commercial Bank’s profits rose in the first quarter of the fiscal year 2016 by 8.2% year-on-year.

Net profit reached QAR 156.2 million ($42.86 million) in Q1-16, compared to QAR 144.4 million ($39.62 million) in Q1-15, according to a bank statement.

Interest revenues grew 3% y-o-y to QAR 227.8 million ($62.55 million).

Net fees and commission income increased 24.1% to QAR 56.1 million ($15.41 million) in the January-March period, versus QAR 45.2 million ($12.41 million) in the same period of 2015.

Earnings per share came to QAR 0.43 ($0.12) in Q1-16, against QAR 0.4 ($0.11) in Q1-15.

Total assets amounted to QAR 59.4 billion ($16.31 billion) in the three month period, rising 12% y-o-y and 5% compared to the fourth quarter of 2015.

Loans and advances leapt 18% y-o-y and 5% q-o-q.

Deposits reached QAR 29 billion ($7.96 billion), 2% up compared to Q4-15.

The Qatar-listed bank’s stock closed today’s trading with a rise of 2.86% as 15,300 shares were exchanged at QAR 267,300 ($73,401).