Doha Bank (DHBK) Q2 2025 earnings summary

Executive summary

• H1 net profit reached QAR 467m, up 8.1% YoY; total assets rose 11.6% YTD as the Himma Transformation advanced through digital releases and stronger customer engagement.

• Strategic priorities include sustainable profitability, portfolio optimization and long-term value creation aligned with Qatar’s economic diversification goals.

Financial highlights

• Total assets reached QAR 123.0bn, up 16.2% YoY; investment securities grew 10.3% YTD and 35.6% YoY.

• H1 net interest income rose 1.5% YoY to QAR 989m; net fee and commission income increased 10.4%.

• Net operating income was QAR 1,305m versus QAR 1,329m in H1 2024; operating costs rose 8% YoY and cost-to-income ratio was 39.1%.

• Net loans declined 1.6% YTD; customer deposits remained stable at QAR 50.9bn. Loans rose 1.7% YoY and deposits increased 0.2% YTD.

• H1 EPS was QAR 0.15 versus QAR 0.14; total equity reached QAR 14.88bn, up from QAR 14.64bn YoY.

Outlook and guidance

• FY loan-growth guidance remains 3%–5%; delayed pipeline disbursements are expected in Q3 and Q4.

• FY NIM guidance remains 1.85%, ±10 bps; lower funding costs, including liability repricing, are expected to support H2 improvement.

• FY cost-to-income guidance is 37%–38%; transformation costs are expected to rise through end-2026, with a 30%–31% target over three years.

• Cost-of-risk guidance remains 120–130 bps; FY NPL target is ~7%, with a medium-term target of 4.5%–5%.

• Fee and commission income grew 10.4% YoY; the target is ~15% of operating income this year, with a further 1.5% increase in share over 2–3 years.