Doha Bank's full year profit up 5.1%

Doha Bank, Qatar's fifth largest lender by market value, recorded 5.1 percent growth in net profit in 2012, according to its full-year financial statement.

Net profit reached QAR1.305bn (US$358m) in 2012 from QAR1.241bn the previous year.

Doha Bank's board of director recommended the approval of cash dividends of 45 percent of paid-up capital to shareholders, reaching QAR4.5 per share.

Total assets rose 4.7 percent from QR52.7bn in 2011 to QAR55.2bn in 2012. Loans and advances rose by 8.9 percent from QAR31.0bn in 2011 to QAR33.8bn in 2012. Customers' deposits grew 8.5 per cent, while total deposits increased from QAR31.7bn in 2011 to QAR34.4bn in 2012.

Total shareholders' equity reached QAR7.6bn, with an increase of 6.6 percent compared to the year before.

Related:
Companies

Market Performance

Doha Bank
38.9
-0.1 -0.26 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Saudi Arabia, other issuers gear up as Gulf bond crush looms

Saudi Arabia, other issuers gear up as Gulf bond crush looms

Cash-strapped region gears up for one of its heaviest-ever periods...

Saudi central bank fights to curb money rate rise

Saudi central bank fights to curb money rate rise

Commercial bankers say more radical steps may be needed to fight...

Are the troubles easing for Saudi construction giant Binladin?

Are the troubles easing for Saudi construction giant Binladin?

Gulf kingdom's biggest builder appears to have pulled back from...

Most Discussed
sponsoredTracking