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Thu 28 Jan 2016 09:05 AM

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Commercial Bank of Qatar says 2015 net profit at $389 million

The bank's board has recommended distributing a cash dividend of 3 riyals per share

Commercial Bank of Qatar says 2015 net profit at $389 million

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.

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