Doha Bank (DHBK) Q3 2025 earnings summary

Executive summary

• Q3 2025 and the nine months ended 30 September 2025 saw net profit rise 7.9% year-over-year to QAR 745 million, with total assets up 8.6% year-over-year and reaching QAR 119.4 billion.

• Digital transformation and the Himma Transformation program advanced, driving operational efficiency, customer engagement, and innovation.

• Strategic partnerships, including a MoU with Seviora Holdings, and strong community engagement supported Qatar's economic vision.

• Recognized as 'Best Bank in Qatar' at the MEED MENA Banking Excellence Awards 2025 for innovation and customer-centric banking.

• The review report found no material misstatements in the financial information.

Financial highlights

• Total assets grew 8.6% year-over-year to QAR 119.4 billion; net loans rose 3.7% year-to-date; customer deposits increased to QAR 53.3 billion.

• Net profit reached QAR 745 million, up 7.9% year-over-year; net interest income remained flat year-over-year but rose 12% quarter-over-quarter.

• Net fee and commission income increased 5.3% year-over-year to QAR 304 million.

• Cost-to-income ratio at 39.2%, with guidance to reach 38% by year-end; total costs rose 5.6% year-over-year.

• Net impairment on loans for nine months was QAR 453 million, down 23.1% year-over-year.

Outlook and guidance

• Loan growth guidance is 3–5% for the year; NIM guidance at 1.85% ±10bps for 2025.

• Cost-to-income ratio expected to drop to 30%-31% by 2027 as transformation costs subside.

• Capital adequacy ratio guidance revised to 18.5–19% for 2025, with a minimum of 17%.

• Cost of risk guidance for 2025 is 120-130bps, expected to improve to 110-115bps in coming years.

• NPL ratio guidance at 7% for year-end, with specific provision coverage targeted at 80%.