Commercialbank

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Recent Articles

• Investment Dar files police complaint against CBK 27 May 2009

  Criminal complaint relates to Dar's right to buy back stake in Boubyan Bank.

• Commercial Bank of Qatar sees 40% rise in net profit, Q1 200920 April 2009

  Lending grew 2.8% and customer deposits reduced by 4.7% from Q4 2008, figures show.

• Qatar bank sells 100% of equities portfolio to gov't22 March 2009

  Deal will see the gov't pay Commercial Bank of Qatar $258m for its Qatari equities.

• Qatar index falls to new 5-year low1 March 2009

  Industries Qatar leads stock market to new 5-year low amid gloomier prognosis for global economy.

• S&P revises outlook on Qatar's second largest bank20 February 2009

  Commercial Bank of Qatar's outlook changed to stable amid tougher environment.

• Commercial Bank of Qatar Q4 profit falls 74%20 January 2009

  Gulf bank posts 100 million riyals ($27.46million) profit in Q4.

• CBQ sees profit jump 36%15 October 2008

  UPDATE 1: Commercial Bank of Qatar posts Q3 net income of $143.8mn, at low end of forecasts.

• Qatar's Commercial Bank posts record profit21 July 2008

  Lender sees Q2 income jump 68% on higher loans and income from Islamic finance.

• Qatar Commercial posts record Q2 on loans, expansion20 July 2008

  Quarterly income surges 57% to $154.8mn on back of economic boom.

• Qatar's Commercial Bank raises capital to $566mn29 June 2008

  Gulf state's second-largest lender says completed 13.2% capital increase.

• Qatar bank bulks up reserve funds13 February 2008

  Commercial Bank of Qatar agrees with Ministry of Economy and Commerce to raise capital by 20%

• Qatar's CBQ sees shares nosedive 22 January 2008

  Commercial Bank of Qatar's stock plunges 8.2%, biggest faller in Qatar's main index amid selloff.

• CBQ ups United Arab Bank stake25 December 2007

  Qatari lender now owns 34.7% of Sharjah-based United Arab, stake worth around $503.8mn.

• Qatar Commercial readies for UAE bank buy 20 November 2007

  CBQ raises $800 million to help finance stake in United Arab Bank.

• Qatar's CBQ profit up 72%18 October 2007

  Commercial Bank of Qatar posts net income of $130.5mn in Q3 as fees and commissions surge.

• Qatar's CBQ gets $800mn loan to fund UAE deal11 October 2007

  Lender to borrow to fund $601mn acquisition of United Arab Bank, bankers say.

• Qatar bank swoops for UAE lender23 September 2007

  Commercial Bank of Qatar wins approval to buy 40% of Sharjah-based United Arab Bank for $601mn.

• Qatar plans London showcase10 September 2007

  Qatar's stock exchange is to showcase ten firms to investors in London to attract foreign capital.

• Commercial Bank to buy stake in UAE lender16 August 2007

  Qatar's second-largest bank wins initial agreement to buy a significant stake in and manage United Arab Bank.

• Qatar bank eyes UAE buy30 July 2007

  Commercial Bank of Qatar is in talks to buy a minority stake in the UAE-based United Arab Bank.

• Qatar Commercial posts record profits16 July 2007

  Higher lending, fees and commissions spur record profits for country's second-largest lender.

• Kuwait's CBK denies takeover reports9 May 2007

  Bank denies claims that Qatari investors are looking to buy a 60% stake.

• Qatar Commercial Bank profit hits record17 April 2007

  First-quarter profit rose 16.9% to $73.23m, says the bank.

• Commercialbank launches mutual fund31 December 2006

  Commercialbank Qatar has launched a new mutual fund which will be available to investors in Qatar and overseas.