Dukhan Bank (DUBK) investor relations material

Executive summary

• Maintained stable operations and strong risk management amid regional geopolitical uncertainty, with a focus on digital transformation, operational efficiency, and customer experience to drive sustainable growth.

• Achieved net profit of QAR 812.8 million for 1H 2026, up 0.2% year-over-year, with total assets reaching QAR 129.2 billion and customer deposits at QAR 94.0 billion.

• Maintained a robust capital adequacy ratio (CAR) of 18.6%, well above regulatory requirements, and a cost-to-income ratio of 31.0%.

• Recognized with multiple awards for digital transformation, private banking, and customer service.

• Interim consolidated financials for the six months ended 30 June 2026 were reviewed with no material misstatements identified by the independent auditor.

Financial highlights

• Net profit for H1 2026 was QAR 812.8 million, up 0.2% year-over-year; total assets reached QAR 129.2 billion, a 9.2% increase year-over-year.

• Net banking income rose 7.4% year-over-year to QAR 1.46 billion, driven by revenue diversification.

• Customer deposits rose 13.4% year-over-year to QAR 94.0 billion; loan-to-deposit ratio at 95.6%.

• NIM stabilized at 2.1%; cost-to-income ratio at 31.0%.

• Fee and commission income increased to QAR 301.4 million from QAR 252.9 million year-over-year.

Outlook and guidance

• Expecting low single-digit balance sheet and profitability growth for the remainder of 2026, with loan growth guidance at 1%-5% for the full year.

• Deposit growth anticipated to remain in the mid-single digit range.

• Cost of risk targeted at 55-60 basis points for the year, with continued conservative provisioning.

• Stable outlook supported by strong capital, liquidity, and government backing; focus remains on digital transformation and sustainable finance.

• Credit ratings reaffirmed: Moody’s A2 (Stable), Fitch A (Rating Watch Negative).