Doha Bank (DHBK) investor relations material

Executive summary

• 9M 2026 net profit was QR 680.750m, down 8.7% YoY; profit before Pillar Two tax rose 2.0%.

• Net operating income increased 4.8% to QR 2,081.162m, while net loans grew 8.5% YTD and customer deposits declined 9.5% YTD.

• Lending growth was led by public-sector and high-rated corporate clients; management emphasized selective underwriting amid regional uncertainty.

• Digital transformation continued, and MSCI upgraded the ESG rating from BB to BBB.

Financial highlights

• 9M net interest income was QR 1,488.230m, down 1.7% YoY; net fee and commission income rose to QR 313.253m from QR 303.576m.

• 9M income from investment securities increased to QR 134.046m from QR 51.334m; FX gains rose 22.7% to QR 114m.

• 9M loan impairment loss was QR 536.805m versus QR 556.907m; Q3 net operating income was QR 692.561m versus QR 684.333m YoY.

• Assets reached QR 125.273bn at September 2026; net loans were QR 73.448bn and customer deposits QR 52.237bn.

• 9M operating cash flow was QR 198.039m; cash and cash equivalents ended the period at QR 7.655bn.

Outlook and guidance

• FY2026 net loan growth guidance was revised to 5%-6%, with management expecting the higher end; NIM guidance remains 1.75% ±10 bps.

• FY2026 after-tax ROE guidance remains 6.2%-6.5%, cost-to-income 39%-40%, and cost of risk 110-125 bps; NPL guidance is 6.45%-6.6%.

• FY2026 capital adequacy guidance was revised to 17.5%-18%; management aims to bring NSFR into compliance within a year.

• 2030 targets include ~7% net loan growth CAGR, 2.00% NIM, NPLs below 4.50%, cost of risk below 100 bps, cost-to-income below 31% and after-tax ROE above 10%.

• North Field expansion is expected to raise Qatar’s LNG capacity from 77 MTPA to 142 MTPA by decade-end, supporting exports and business activity.