The Commercial Bank (P.S.Q.C.) (CBQK) Earnings Call Transcripts

The Commercial Bank (P.S.Q.C.)'s Latest Earnings Call - Q1 FY2026

In Q1 2026, The Commercial Bank (CBQK:QA) reported a net profit of QAR 501.4 million, reflecting a year-on-year increase driven by a 7.6% rise in net operating income to QAR 1,216.8 million. The bank's net interest income grew by 12.6%, although higher provisions due to geopolitical tensions impacted overall profitability. Management maintained its guidance for the fiscal year, emphasizing a commitment to achieving strategic targets despite the challenging macroeconomic environment.

Reported metrics

Guidance from management

Management maintained its guidance for 2026, targeting a net cost of risk of 90 to 100 basis points and a commitment to improving the NPL ratio to below 5% by 2030.

What management said

Good afternoon, ladies and gentlemen, and thank you for joining us today. I'm Mohamed Farhan, Head of Investor Relations, and I'm pleased to welcome you all to the Commercial Bank's Quarter 1 2026 earnings conference call. On this call, I have you on my left, Stephen Moss, who is the Group Chief Executive Officer of Commercial Bank of Qatar; and on to my far left is Muhammad Ali, the Chief Financial Officer. [Ope...

So the effective tax rate will be around 11% to 12% because we are in a point global minimum tax, which is around 13%. However, we have a sport -- there's already a sports and social contribution levy of 2.5%, and that is a covered tax. So that will be deducted. And when you do the calculation, there is certain elements from a reduction perspective for the effective rate tax rate will be between 11% to 12%. .

What analysts pressed on

Analysts expressed concerns regarding the sequential decline in deposits and the potential impact of geopolitical tensions on the bank's operations and dividend policy. There were also questions about the sustainability of the current loan growth amidst rising provisions.

Main topics on the call

• Geopolitical Impact on Operations — Management acknowledged that the 'current heightened geopolitical environment and instability across the GCC has had a direct impact on energy supply and trade.' However, they emphasized that Qatar's banking system remai...
• AI Initiatives and Strategy Execution — The bank is progressing with its AI roadmap, including 'early client churn detection' and 'credit card spend and activation predictor' tools. This reflects a strong commitment to enhancing customer engagement and operati...
• Provisioning Strategy — The bank adjusted its ECL model to account for regional conflict, leading to higher provisions. 'We believe we are firmly on track toward a net cost of risk of 90 to 100 basis points in 2026,' indicating a proactive appr...
• Financial Performance — Net operating income increased by 7.6% year-on-year, driven by growth in net interest income and fee income. However, net provisions rose significantly to QAR 319 million, impacting net profit.

Read the full The Commercial Bank (P.S.Q.C.) transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 The Commercial Bank (P.S.Q.C.) earnings call transcripts on record, spanning January 30, 2020 to July 27, 2026. Based on this history, The Commercial Bank (P.S.Q.C.) reports quarterly. The most recent call on file is dated July 27, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CBQK

Exchange

DSM

Country

QA

Sector

Financials

Industry

Banks

Calls on record

26

First call

January 30, 2020

Most recent

July 27, 2026

Reporting cadence

quarterly