Commercial Bank of Qatar Reports QR1.64bn Profit Before Pillar Two Tax for Nine Months

Commercial Bank of Qatar reported a net profit before Pillar Two tax of QR1.64bn for the nine months to September 30, 2026, with net operating income up 2.9% to QR3.56bn. The Gulf Times reported the results on October 20, 2026.

Commercial Bank's Nine-Month Results

Net interest income rose 10.2% to QR2.80bn, while net fee and commission income fell 5.8% to QR692.5mn. Excluding one-offs, net fees and commission income grew 11.4% year on year. The group accrued a QR104.7mn charge for BEPS Pillar Two Tax, leaving net profit after tax of QR1.53bn.

Total assets reached QR183.6bn, down 4.4% year on year, mainly on lower due from banks, partly offset by higher loans and advances to customers and higher investment securities. Net loans and advances to customers excluding acceptances grew 6.3% to QR100.7bn. Customer deposits fell 3.0% to QR83.1bn, while low-cost deposits rose 3.6% to QR31.4bn and made up 37.8% of the customer deposit mix.

The group's CET1 ratio stood at 12.8% and its total capital adequacy ratio at 18.9%, above Qatar Central Bank and Basel III minimum requirements. Total equity was QR26.6bn, down 0.9% year on year, and investment securities rose 5.1% to QR41.3bn. Total gross provisions increased 49.3% to QR1.24bn, including specific loan provisions and ECLs of QR1.01bn. Net provisions were QR979.8mn, with recoveries up 15.2% to QR268.5mn. The reported cost-to-income ratio rose to 32.3%.

Stephen Moss, Group CEO, said: "The group delivered a resilient performance in the nine months to September 30, with Net Operating Income increasing by 2.9%."

Commercial Bank's Capital and Funding Record

According to akta.pro company records, Commercial Bank of Qatar issued $500 million of Additional Tier 1 perpetual capital securities at a 6.25% yield in March 2026, with subscriptions exceeding $1.5 billion at peak. The same records list four funding rounds, including $600 million in September 2025 and $137.3 million in June 2025. Total funding stands at $1.7 billion.

Commercial Bank's Recent Activity

Commercial Bank and Alternatif Bank hosted "Beyond Borders" in October 2026 to support Turkish companies' Gulf expansion, bringing together senior representatives from Gulf banks, Gulf Times reported. The bank won the Excellence Award for Leadership Skills Development at the Qatar Private Sector Nationalisation Awards 2026, held by the Ministry of Labour, Gulf Times reported in September 2026. In August 2026, Gulf Times reported that Commercial Bank was named "Best Wealth Management Bank in Qatar" at the TAB Global Middle East Awards 2026.

What Comes Next for Commercial Bank

Commercial Bank is executing its 2026-2030 strategy, which the chairman said focuses on strengthening the bank for sustainable, profitable growth.