bank of qatar cuts 60 of the share
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Bank of Qatar cuts 60% of the share

Arab Today, arab today

Arab Today, arab today Bank of Qatar cuts 60% of the share

Doha - QNA

The Board of Directors of Commercial Bank of Qatar (CBQ) has recommended a payout of 60% of the share’s par value as cash dividend, or 74% of the record net profit of QR 2.012 Billion, reported for the financial year ended December 31, 2012, an increase by 7% compared to QR 1.884 Billion in 2011. This proposal of distributing QR 6 for each share held, among other topics, will be discussed at the bank’s Ordinary General Meeting of shareholders to be held at Commercial Bank Plaza on February 26 at 6pm, a Qatar Exchange (QE) notification said today. The assembly will discuss and approve the financial report, the auditors’ report, corporate report and board’s recommendations. CBQ Chairman Abdullah bin Khalifa Al Attiyah, in his annual report, hailed the bank’s 2012 performance despite “another difficult year for the world economy with demand in established economies being subdued”. “Qatar’s economy has continued to grow against this backdrop. The country’s Real GDP growth for 2012 is expected to be 6.3% which is strong growth by current global standards,” Al Attiyah said in the report. The economic growth in 2012 was supported by government investment in infrastructure, healthcare, educate and housing. Credit demand in 2012 has been dominated by the public sector with continuing low levels of demand from the private sector. The banking sector has continued to strengthen and is well capitalised under the guidance of the government and the Qatar Central Bank, he said. CBQ’s net operating income in 2012 was 2.984 Billion compared to 2.864 Billion in 2011. The bank’s loans and advances in 2012 amounted to QR 48.594 Billion, an increase by 16.49% over QR 41.712 Billion achieved in 2011. Customer deposits increased to QR 41.386 Billion in 2012 from QR 37.989 Billion in 2011 and the shareholder’s equity was up to QR 14.939 Billion from QR 14.230 Billion in 2011.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bank of qatar cuts 60 of the share bank of qatar cuts 60 of the share

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bank of qatar cuts 60 of the share bank of qatar cuts 60 of the share

 



GMT 11:40 2018 Friday ,05 January

Zuckerberg makes 'fixing' Facebook a personal goal

GMT 01:05 2014 Thursday ,13 February

Flora

GMT 21:50 2017 Wednesday ,25 October

Abdullah bin Zayed visits WorldSkills Abu Dhabi 2017

GMT 16:33 2017 Tuesday ,04 July

Hany Ramzy happy for positive reactions

GMT 20:11 2018 Wednesday ,05 December

EU wants INF Treaty 'preserved and fully implemented'

GMT 21:01 2018 Sunday ,25 November

Oil prices plummet amid U.S. drilling rigs down

GMT 13:01 2016 Sunday ,28 August

China's Top 500 Firms Report First Revenue Decline

GMT 04:46 2014 Thursday ,11 December

Taliban suicide blast kills 6 Afghan soldiers in Kabul

GMT 11:10 2018 Wednesday ,17 January

MP Hariri welcomes Sho
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday