Doha: The Commercial Bank (P.S.Q.C.) announced Tuesday its financial results for the half year ended June 30, 2024.In a statement published on Qatar Stock Exchange website, the bank reported a net profit of QR 1,571.0 million as compared to last year's reported net profit of QR 1,554.3 million for H1 2023 which was restated to QAR 1,352.5 million for the same period in 2023, representing a 1.1 percent increase on a reported basis and a 16.2 percent increase on a restated basis.Chairman of the Board of Directors of Commercial Bank, Sheikh Abdulla bin Ali bin Jabor Al-Thani, said, "In the first half of 2024, Commercial Bank demonstrated strong performance despite the global banking sector's challenges. Forbes once again recognized us among the "Middle East's 30 Most Valuable Banks 2024." "Additionally, Fitch affirmed our rating at 'A' with a stable outlook."Source: Qatar News Agency