Dukhan Bank's nine-month profit holds at QAR 1.19bn as impairments rise 33%
The Qatari Islamic lender's non-performing financing ratio fell to 3.8% from 4.2% at end-2025, and its total capital ratio rose to 19.1%.
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Dukhan Bank's net profit for the nine months to 30 September 2026 was QAR 1,192.4 million, against QAR 1,191.6 million a year earlier, according to its condensed consolidated interim financial statements, which the board approved on 7 October 2026. Profit for the third quarter alone was QAR 379.7 million, compared with QAR 380.3 million in the same quarter of 2025.
Profit held level because higher income was absorbed by impairments. Net impairment losses on financing assets rose to QAR 356.6 million in the nine months from QAR 268.1 million, an increase of 33.0 per cent, while total income rose 1.8 per cent to QAR 4,149.1 million, the statements show; the percentage changes are Boards and Capital calculations from the reported figures. Earnings per share were unchanged at QAR 0.215.
The Qatari Islamic lender's asset quality improved on its own measure over the same period. Non-performing financing assets fell to QAR 3,692.6 million, or 3.8 per cent of gross financing net of deferred profit, from QAR 3,965.1 million, or 4.2 per cent, at the end of 2025, according to the statements. The bank's total impairment allowance rose to QAR 4,549.5 million from QAR 4,257.5 million at 1 January, while the allowance held against non-performing, or Stage 3, exposures fell to QAR 3,035.2 million from QAR 3,137.4 million.
Where the income came from
Net income from financing activities fell 7.0 per cent to QAR 3,365.0 million, while net income from investing activities rose 12.8 per cent to QAR 867.3 million, the statements show. Fee and commission income rose 7.3 per cent to QAR 429.7 million. Total expenses rose 3.7 per cent to QAR 703.9 million, of which staff costs were QAR 342.2 million, giving a cost-to-income ratio of about 17.0 per cent, a Boards and Capital calculation.
In the third quarter, the impairment charge was QAR 150.0 million, lower than the QAR 170.0 million booked in the third quarter of 2025, and fee and commission income fell to QAR 128.3 million from QAR 147.5 million, according to the statements.
Balance sheet and capital
Total assets rose 2.4 per cent from the end of 2025 to QAR 126.8 billion, and net financing assets rose 4.5 per cent to QAR 94.0 billion, the statements show. Investment securities were little changed at QAR 24.8 billion. Customer current accounts rose 5.7 per cent to QAR 19.8 billion and participatory investment accounts, which the statements classify as quasi-equity, rose 1.6 per cent to QAR 70.2 billion. Within those accounts, call accounts more than doubled to QAR 4.6 billion while term accounts fell to QAR 58.3 billion from QAR 59.5 billion.
Sukuk issued by the bank rose to QAR 3.7 billion from QAR 2.9 billion, and additional tier 1 sukuk were unchanged at QAR 1.8 billion. Total equity was QAR 15.9 billion. The common equity tier 1 ratio rose to 15.8 per cent from 14.9 per cent, and the total capital adequacy ratio to 19.1 per cent from 18.2 per cent, against a Qatar Central Bank minimum of 14.6 per cent including buffers, according to the statements.
Review and signatures
PricewaterhouseCoopers, Qatar branch, signed its review report on 7 October 2026, the same day the board approved the accounts. The statements are signed by Chairman Abdulla Bin Fahad Bin Jassim Al-Thani and by Mohamed Bin Hamad Bin Jassim Al Thani. The bank's financial information page lists the September accounts alongside those for March and June 2026, without a separate results release on that page.
The full-year accounts, for the year ending 31 December 2026, are the next filing, and will show whether impairments continue to absorb income growth.