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The Commercial Bank ( P.S.Q.C. ) Announces Net Profit of QAR 1,327.3 Million for the Half Year Ended 30 June 2021 and Recommendation to Hold EGM to Increase the Foreign Ownership Threshold to 100 % 27 July 2021 , Doha , Qatar : The Commercial Bank ( P.S.Q.C. ) ( " the Bank ” ) , its subsidiaries and associates ( " Group " ) announced today its financial results for the half year ended 30 June 2021 . The Group reported a net profit of QAR 1,327.3 million as compared to QAR 901.2 million for the same period in 2020 . Key financial highlights for the Group compared to the same period in 2020 • Net profit of QAR 1,327.3 million , up by 47.3 % . • Normalized operating income of QAR 2,283.9 million , up by 9.9 % ( + 22.5 % on reported basis ) . • Operating profit of QAR 1,705.0 million , up by 11.6 % . • Normalized cost to income ratio of 25.3 % ( reported 30.3 % ) , decreased from 26.5 % ( reported 23.5 % ) . • Strong capital adequacy ratio of 18.4 % compared to 17.3 % in June 2020 . • Net provisions of QAR 444.6 million , up by 50.2 % mainly on account of continued prudent provisioning . NPL ratio of 4.1 % compared to 5.0 % and coverage ratio 112.1 % versus 90.0 % previous year . • Total assets of QAR 162.1 billion , up by 12.8 % . • Customer loans and advances of QAR 100.6 billion , up by 15.6 % . • Successfully issued a senior unsecured five - year bond of USD 700 million in May 2021 . • " Best Bank in Qatar 2021 " award from the Global Finance international magazine . • " Best Bank in Qatar 2021 " award from Euromoney . • " Most Innovative Customer Service Bank for 2021 " award from International Finance Magazine . 1