The bank's board has recommended distributing a cash dividend of 3 riyals per share
Commercial Bank of Qatar earned a net profit of 1.458 billion riyals ($389 million) in the year ending Dec. 31, it said in a statement. That compares with a profit of 1.94 billion riyals a year ago, the bank said in a statement.
CBQ, which also owns Alternatifbank in Turkey and holds a 34.9 percent stake in National Bank of Oman, said earnings per share stood at 4 riyals for the period compared to 5.39 riyals a year ago.
The bank's board has recommended distributing a cash dividend of 3 riyals per share, the statement said.
For 2014, CBQ's board had recommended a cash dividend payout of 3.5 riyals per share and the issue of one bonus share for every 10 shares held.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.