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FINANCIAL NEWS
Doha Bank posts QR364mn increase in Q1 revenue
20 Apr 2017
(MENAFN) Doha Bank’s revenue for the first quarter of this year posted an impressive QR364mn as compared to QR354mn for the same period of 2016, an increase of 2.9 percent.
Additionally, the bank’s whole assets grew by QR6.1bn, a year on year increase of 7.2 percent, from QR84.6bn to QR90.7bn, while net loans and advances increased to QR59.5bn.
Accordingly, the bank has become very strong over the years with total equity at QR13.0bn, posting an increase of 2.0 percent amid the last twelve months.
Meanwhile, the bank approved and distributed 30 percent cash dividend to the shareholders for last year, while amid the quarter, the EGM agreed to enhance the bank’s capacity by 20pct.
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