Commercial Bank of Qatar, the country’s second biggest lender by assets, expects its second half earnings to be “broadly similar” to first half levels, its chief executive officer said.
At a press conference in the Qatari capital of Doha, Andrew Stevens said: “We remain reasonably confident” of the forecast.
Net income fell 13 percent to 818 million riyals ($224.8 million) in the first half of the year, Commercial Bank said last week. The bank reported a 23 percent gain in second quarter profit, with net income rising to $112.1 million.
Commercial Bank, the second best performing lender this year on the QE Index of leading Qatari companies, rose 0.1 percent to 70.4 riyals a share on the Qatar Exchange today.
Follow us on
