FINANCIAL NEWS

Doha Bank records solid growth in H1 revenue

20 Jul 2017

(MENAFN) Doha Bank has posted a net profit of QR716mn for the Jan-June period of this year, a jump of 1.0 percent compared to QR708mn posted for the same period of 2016.

Additionally, the bank enhanced its net operating income by 4.8 percent to QR1.47bn, while total assets grew by QR4.5bn, an increase of 5.1 percent.

Meanwhile, the bank’s net loans and advances grew to QR59.2bn as at June 30 this year from QR55.4bn for the same period of 2016.

Accordingly, it has become very strong over the years with total equity, as at June 30 this year, at QR14.6bn, posting an increase of 11.7 percent.

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MENAFN2007201700450000ID1095641139

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