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The Commercial Bank ( P.S.Q.C. ) Announces Net Profit of QAR 2,131.9 Million for the Nine Months Ended 30 September 2021 24 October 2021 , Doha , Qatar : The Commercial Bank ( P.S.Q.C. ) ( " the Bank ” ) , its subsidiaries and associates ( " Group " ) announced today its financial results for the nine months ended 30 September 2021. The Group reported a net profit of QAR 2,131.9 million as compared to QAR 1,154.4 million for the same period in 2020 . Key financial highlights for the Group compared to the same period in 2020 • Net profit of QAR 2,131.9 million , up by 84.7 % . • Normalized operating income of QAR 3,490.0 million , up by 11.4 % ( + 21.6 % on reported basis ) . • Operating profit of QAR 2,623.8 million , up by 13.8 % . • Normalized cost to income ratio of 24.8 % ( reported 29.8 % ) , decreased from 26.4 % ( reported 25.0 % ) . • Strong capital adequacy ratio of 18.3 % compared to 17.4 % in September 2020 . • Total assets of QAR 165.3 billion , up by 15.5 % . • Customer loans and advances of QAR 101.1 billion , up by 11.8 % . • Successfully issued a senior unsecured five - year bond of USD 700 million in May 2021 . • " Best Digital Bank in Qatar ” for 2021 from AsiaMoney Magazine for second year in a row . • " Best Bank in Qatar " for 2021 from Euromoney and Global Finance international magazine . • " Best Social Media Engagement in the Middle East " for 2021 from the Asian Banker . • In addition , received five prestigious awards in Q3 from Global Finance across both Consumer and Corporate Digital Banking award categories . Sheikh Abdulla bin Ali bin Jabor Al Thani , Chairman of the Board of Directors of Commercial Bank , said : " Qatar's economy demonstrated great resilience during Covid - 19 , with 4 % growth year - on - year in the second quarter and is expected to strengthen further driven by the upcoming 1