Page 46 - Annual Report 2019

43 ANNUAL REPORT 2019 SUPERVISION AND AUTHORISATION

6. Composition of the income statement

QAR Thousands

JAN APR JUN OCT NOV JAN FEB MAR APR JUN JUL OCT
MAR MAY AUG SEP NOV
SEP DEC
FEB DEC
JUL
MAY
AUG

2018 2019

Overall profitability was less volatile and improved slightly during 2019, mainly attributable to lower credit Net interest income Non-interest revenue Credit losses
losses and marginally improved net interest income. The prior year’s credit losses were higher due to
the introduction of IFRS9/FAS30 global accounting standards that became effective 1 January 2018, in Operating expenses Non-trading and capital items Associates and JVs
addition to declining asset quality. Net interest income reflected a gradual upward trend since the last
quarter of 2019, whilst it remained subdued in the prior year due to narrower margins, attributable to Taxation Operating profit / (loss) Profit / (loss)
higher funding costs. Operating expenses also reflected a slight increase since the last quarter of 2019.