Doha Bank's full year profit up 5.1%

  • Share via facebook
  • Tweet this
  • Bookmark and Share

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
50.1
0.3 0.6 (%)
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!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Coming to America

Coming to America

As Barack Obama seeks to rebalance the bloated US economy, the...

Should the Gulf introduce VAT?

Should the Gulf introduce VAT?

The GCC’s plans to bring in value-added tax were withdrawn as...

5
Why are some of the world's biggest banks leaving the UAE?

Why are some of the world's biggest banks leaving the UAE?

Large Western banks have been selling off their local assets...

2
Most Discussed
  • 17
    Nakheel PR: The toughest job in Dubai?

    You forgot to mention the sewage pit between JLT and Jumeirah Park and the terrible landscaping in Jumeirah Park The chain link fencing they want to install... more

    Monday, 30 March 2015 9:05 AM - An Emaar Fan
  • 12
    Dubai Int'l T1 is too congested, says Indian airline boss

    Yes, T1 is overflowing, but Air India need to maintain its timing which is a big question mark most of the time. Plus quality of service, please have some... more

    Monday, 30 March 2015 4:13 PM - Shareen
  • 9
    Post traumatic stress?

    I once had a Emirates Post employee hang up on me when I asked her to repeat something. That said, the worst is my management company, Kingfield Management... more

    Sunday, 29 March 2015 6:07 PM - Sarah