Dukhan Bank (DUBK) investor relations material

Executive summary

• Maintained stable operations and strong risk management amid regional geopolitical uncertainty, with a focus on digital innovation, customer experience, and sustainable growth.

• Achieved net profit of QAR 812.8 million for 1H 2026, with total assets at QAR 129.2 billion and customer deposits at QAR 94.0 billion, reflecting operational stability and growth.

• Maintained a robust capital adequacy ratio of 18.6% and a cost-to-income ratio of 31.0%, highlighting operational efficiency.

• 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 1H 2026 was QAR 812.8 million, up 0.2% year-over-year; total assets reached QAR 129.2 billion, and financing assets were QAR 94.7 billion (73% of assets).

• Customer deposits rose 13.4% year-over-year to QAR 94.0 billion; NPL ratio improved to 3.9% from 4.2% at year-end 2025.

• Net banking income rose 7.4% to QAR 1.46 billion; net interest margins stabilized at 2.1%.

• Return on average tangible equity (ROTE) reached 12.6%; return on average tangible assets (ROTA) was 1.3%.

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

Outlook and guidance

• Expect low single-digit balance sheet growth for the rest of 2026, led by wholesale and private banking, with profitability growth mirroring balance sheet growth.

• Loan growth guidance remains at 3%-5% for the year, with some deals realized earlier than expected.

• Deposit growth expected to sustain at mid-single digit year-over-year.

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

• Management continues to monitor geopolitical and economic uncertainties, with ongoing assessment of credit risk and expected credit losses.