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FinancialNews
25-07-19
10.2 percent boost in Doha Bank net profit
(MENAFN) Leading Qatari commercial bank Doha Bank was revealed to have achieved a 10.2 percent surge in its net profit from January to June 2019, standing at QR519 million on annual basis.
Total assets of Doha Bank also recorded a 13.1 percent surge during the first half to reach QR11.6 billion compared to last year's QR89.2 billion.
Meanwhile, a 5.1 percent boost was posted in the bank's net loans and advances during the six-month period to hit QR60.9 billion.
Doha Bank also managed to witness a 7.2 percent raise in its customer deposits while increasing by 27.7 percent in its total financial investment portfolio.
MENAFN2507201900450000ID1098801817
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