Page 45 - English

7. Composition of the income statement
350,000 300,000 250,000 200,000 150,000 100,000
0
-50,000 -100,000 -150,000 -200,000
2013
Net interest income
Operating profit /(loss) Taxation
2014
2015 Associates and JVs
Non-interest revenue
Non-trading and capital items Profit/(loss)
Credit losses
Operating expenses
Income statement volatility is driven by the volatile fair value gains/(losses) on financial instruments included in non-interest revenue.
8. Net interest margin
4,0% 3,5% 3,0% 2,5% 2,0% 1,5% 1,0% 0,5% 0,0%
2013 2014 NII% NIM
2015
Interest yield
Interest cost
Net interest margin (NIM) trended down over the year to 1.5%, primarily due to lower yields attained, before spiking back to 1.9% in December 2015. Volatility reflected is generally driven by large value, low-margin deals.
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Percent QAR Thousands
December January
June
July
February March
August September
April
May
October November
June
July
August September
October November
December January
February March
April
May
December January
June
July
February March
August September
October December
April
May
June
July
August September
October November
December January
February March
April
May
December
November