Doha – Mubasher: Al Khalij Commercial Bank (al khaliji) posted on Wednesday a net profit of QAR 320.3 million for the first half of the fiscal year 2016, versus QAR 302.4 million reported for H1-15.

Net fee and commission income rose 18% by the end of June to QAR 112.7 million, compared to QAR 95.9 million by the end of June 2015.

Earnings per share increased to QAR 0.89 in H1-16 from QAR 0.84 in H1-15, according to a statement.

Total assets leapt 8% year-on-year in the first six months of 20169 to QAR 60.6 billion.

Loans and advances reached QAR 35.3 billion in H1-16, rising 19% compared to the same period in the previous year.

Deposits also grew by 3% y-o-y to QAR 30.5 billion.

“Despite markets conditions, al khaliji is achieving growth in various banking activities, where the first half net profit recorded 320 million riyals. This is an evidence of our solid position and our determination to stress on growth,” CEO, Fahad Al Khalifa, said Commenting on the first half 2016 results.