QIIB succeeded in improving the quality of its funding assets portfolio by decreasing the non-performing loans to 1.6% in 2020, chief executive officer Dr Abdulbasit Ahmed al-Shaibei said. In 2019, this stood at 1.9%; al-Shaibei said the bank’s ordinary general assembly on Wednesday. “This confirms the efficiency of the policies of debt collection and credit risk management at the bank,” al-Shaibei said. Al-Shaibei said, “We endeavored throughout 2020 to rationalise and control the expenditures, which helped us improve the operational efficiency (cost-earnings ratio) to 20.3%, compared to 24.1% at the end of 2019. This was one of the best indicators at local and international levels.” QIIB’
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