QIB-UK Profits grow by 41% in 2022

30/01/2023, London

QIB-UK profits grow by 41% in 2022 and below are the key indicators:

• The 2022 Financial Accounts for QIB[UK] were approved in January 2022 showing a continued improving performance.
• QIB [UK] net profit after tax reached £9.7m in 2022 compared to £6.9m for the year 2021, an increase of 41%.
• Financing activities now stand at £778m representing an increase of 6.4% over 2021.
• Net income for the year was £19.3m compared to £15.1m for 2021.
• QIB [UK] incurred a credit gain of £638k on Financial Assets in 2022 versus a loss of £662k in 2022.
• The cost income ratio improved to 46 % in 2022 as compared to 575 for the year2021.