The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Aybek Islamov - HSBC - Analyst
: Thank you for the introduction. Very helpful. We'll now start our Q&A session. (Event Instructions)
So we have our first question from the line of Rahul Bajaj. Rahul, please go ahead.
Question: Aybek Islamov - HSBC - Analyst
: Thank you, Durraiz. We'll move to the next question from Olga Veselova. Please announce your company name and your question.
Question: Aybek Islamov - HSBC - Analyst
: Yes.
Question: Aybek Islamov - HSBC - Analyst
: Yeah, thank you. Moving on to the next question from Chiro Ghosh. Chiro, please announce your company name and your question.
Question: Aybek Islamov - HSBC - Analyst
: Yeah, our next question is from [Kayat Al Suresh] Kayat, please announce your company name and your question.
Unidentified Participant
Hi. This is [Vikram] from NBK Wealth. So I think the names got interchanged. Anyway, on the buyback program, is this program unique to QNB or
should we expect other companies to follow? I mean, is this a nationwide or exchange-wide initiative? That's the first question.
The second question is on the corporate tax. So in 2025, the 15% corporate tax, is this applicable to all the Qatari companies or only applicable to
multinational companies?
Question: Aybek Islamov - HSBC - Analyst
: Thank you. Our next question is from the line of Naresh Bilandani. Naresh, please go ahead.
Question: Aybek Islamov - HSBC - Analyst
: Thank you. Next question is coming from Andrew Brudenell. Andrew, please announce your company name and your question.
Question: Aybek Islamov - HSBC - Analyst
: Thank you. We have our next question from a guest. Well, I cannot pronounce the name but let us unmute the line. Would you please announce
your name and your company name and ask your question?
Question: Aybek Islamov - HSBC - Analyst
: Thank you. Our next question is coming from Bijoy Joy. Bijoy, please announce your company name and your question.
Question: Aybek Islamov - HSBC - Analyst
: Thank you. We don't appear to have any further questions on the live session. We have a follow-up from Olga Veselova. Olga, please go ahead.
Question: Aybek Islamov - HSBC - Analyst
: Thank you. So while we don't have any further questions, I think, Durraiz, I will address one of mine. We'll be curious to know how you see the
market environment currently given the oil prices being weak lately. I recall that during the previous conference calls, QNB always referred to low
oil prices being more positive for the year. Growth outlook for the asset growth outlook, is it the case at the moment or is it too early to make that
comment?
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OCTOBER 15, 2024 / 9:30AM, QNBK.QA - Q3 2024 Qatar National Bank QPSC Earnings Call
And secondly, with regards to the real estate market situation, how is it affecting the competitive landscape? Is it more in favor of Qatar National
Bank? Are you seeing QNB gaining market share, given that other banks are possibly more risk averse given their high exposure to commercial real
estate? What are your thoughts? Thank you.
Question: Aybek Islamov - HSBC - Analyst
: Understood, yeah. We have one follow-up question from Chiro Ghosh. Chiro, please go ahead.
Question: Aybek Islamov - HSBC - Analyst
: All right. Well, no further questions from the audience. I think on this note, I would like to close today's conference call. I would like to thank the
management of Qatar National Bank for their participation and their insights as well as the entire audience for participating in the call. Durraiz, any
final remarks? Over to you.
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consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
OCTOBER 15, 2024 / 9:30AM, QNBK.QA - Q3 2024 Qatar National Bank QPSC Earnings Call
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