Dukhan Bank posts a net profit of QAR 1.19 billion for the nine-month period ended 30 September 2025, up by 4.4%

Lusail, Qatar – 8 October 2025: 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 2025, and reported a net profit of QAR 1.19 billion, representing a 4.4% growth compared to the same period of last year.

Key Performance Highlights

Analysis of Group’s financial performance 

The Group delivered a strong financial performance during the first nine months of 2025, reflecting continued successful execution of its strategic initiatives and building on the strong momentum established previously. Group net profit increased by 4.4%, supported by a 9.9% rise in net banking income.

This growth in net banking income was driven by the Group’s ongoing focus on revenue diversification and the strengthening of non-profit income streams. Additionally, despite challenging external conditions, prudent management of funding costs provided further support to the Group’s net banking income.

Operational efficiency also remained a key strategic focus, with continued optimization efforts enhancing overall profitability. These results highlight the Group’s resilience and its ability to sustain growth in an evolving operating environment.

Analysis of Group’s financial position

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The Group maintained its total asset base at QAR 118.1 billion as of September 2025, an increase of 1.2% compared to 30 September 2024. The asset mix comprised of financing assets, which stood at QAR 85.7 billion, representing 72.6% of total assets. This was complemented by investment securities amounting to QAR 22.4 billion, accounting for 19.0% of the total asset base.

During the period, the Bank maintained its financing portfolio, which currently stands at QAR 85.7 billion, up by 0.9% compared to the same period last year. This aligns with the Bank’s strategic objective of steadily increasing its market presence, while ensuring disciplined and efficient capital allocation. The Bank continues to prioritize building a well-diversified portfolio, placing a clear emphasis on asset quality over volume to ensure prudent risk management.

Reflecting the Group’s strong credit risk discipline and proactive portfolio management, the non-performing loan (NPL) ratio improved to 4.4% as of September 2025, compared to 4.7% in September 2024 and 4.6% in December 2024. In parallel, the Stage 3 coverage ratio rose to 74.5% (September 2024: 68.9%; December 2024: 73.1%), further underscoring the Group’s robust approach to credit provisioning and risk mitigation.

On the funding side, the Group continued to strengthen and diversify its funding base by leveraging its long-standing client relationships and maintaining a balanced maturity profile. These efforts supported a healthy liquidity position, reflected in a regulatory loan-to-deposit ratio of 94.5%. Both the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) remained comfortably above regulatory thresholds throughout the period.

Total equity reached QAR 15.1 billion, while the Group maintained a solid Capital Adequacy Ratio (CAR) of 18.9% (September 2024: 17.4%; December 2024: 17.3%), significantly above the minimum requirements set by the Qatar Central Bank and in line with Basel III standards, providing a strong foundation for sustainable growth.

Enhanced digital experiences

In the third quarter of 2025, Dukhan Bank continued to drive forward its digital innovation agenda, enhancing loyalty, lifestyle, and promotional offerings to deepen customer engagement; all anchored in Sharia‑compliant design.

A standout initiative was the Visa & Dukhan Bank “Spend & Win Land Rover” credit card campaign, offering customers the chance to win two brand-new 2025 Land Rover Defender 110s and monthly cash prizes. The campaign, which runs until October 31, incentivizes card usage across domestic and international spend categories, while enriching the customer experience with aspirational rewards.

Further strengthening its high-net-worth offerings, Dukhan Bank launched a new package of exclusive lifestyle benefits for Visa Infinite Credit Card holders. These include valet parking for a nominal fee, buy-one-get-one-free cinema tickets, premium health club discounts, concierge services, and 15,000 DAwards as a welcome gift. This suite of benefits affirms the Bank’s commitment to delivering personalized and rewarding banking experiences for its elite customers.

Dukhan Bank strengthened its digital ecosystem with the introduction of the Himyan Apple Pay service and a series of enhancements designed to make fund transfers faster, simpler, and more seamless for customers.

These developments reflect Dukhan Bank’s long-term strategy of integrating ethical finance with best-in-class digital experiences, underscoring its leadership in modern Islamic banking.

Unwavering excellent performance and prestigious awards

Dukhan Bank’s consistent pursuit of innovation and service excellence was recognized in Q3 2025 with a series of prestigious regional and global accolades. The Bank was honored with the ‘Best Digital Transformation in the MENA Region’ at the 2025 MEED Banking Excellence Awards, recognizing its retail, digital, and SME achievements. It also received the ‘Excellence in Global Islamic Private Banking for the Year 2025’ from the World Union of Arab Bankers, celebrating its leadership in Sharia-compliant wealth management and commitment to innovation, financial inclusion, and sustainability. Rounding out this exceptional recognition, Dukhan Bank was named the ‘World’s Best Islamic Private Bank’ by the Global Finance Awards 2025, a title it earned for the second consecutive year, further cementing its global leadership in Islamic private banking.

Complementing these recognitions, Fitch Ratings reaffirmed Dukhan Bank’s Long-Term Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook, citing the Bank’s robust capital position, sound asset quality, and prudent risk management.

Together, these milestones underscore Dukhan Bank’s consistent delivery of long-term value, its leadership in Islamic digital finance, and its commitment to supporting Qatar’s national development goals through innovation and ethical banking.