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Thu 17 Jul 2014 11:45 AM

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Qatar's Doha Bank Q2 net profit up 9.9%

Profit of $107m was in line with forecasts by analysts

Qatar's Doha Bank Q2 net profit up 9.9%
(Photo for illustrative purposes only)

Doha Bank, Qatar's fourth largest lender by assets, posted a 9.9 percent rise in second-quarter net profit on Thursday, in line with analyst estimates.

It made QAR388 million ($107 million) in the second quarter, according to Reuters calculations, up from QAR353 million in the same period of 2013.

Seven analysts polled by Reuters had forecast on average the bank would make a profit of QAR380.9 million in the second quarter.

Doha Bank said in a bourse statement its net profit for the first half of this year was QAR787 million, compared with QAR748 million in the corresponding period in 2013.

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