Doha Bank's full year profit up 5.1%

Qatar's fifth largest lender sees full year year profits rise to US$358m

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.

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