Arab Today, arab today doha bank records qr106bn q3 profit
Last Updated : GMT 20:20:30
Arab Today, arab today
Arab Today, arab today

Doha Bank records QR1.06bn Q3 profit

Arab Today, arab today

Arab Today, arab today Doha Bank records QR1.06bn Q3 profit

Doha - Arabstoday

Doha Bank net profit has reached QR1.06bn in the third quarter, up 5% on QR1.01bn registered in the same period last year. The bank’s total assets have scaled up to QR52.8bn in the third quarter, up QR2.8bn on QR50bn achieved in the same period last year. The bank’s net operating income increased by 3% to QR1.8bn in the third quarter. Doha Bank’s net loans and advances have accounted for QR31.4bn in the third quarter, up 10.6% on QR28.4bn posted in the same period last year. Deposits totalled QR31.1bn in September, up 2.8% on the same period last year, which indicates the strong liquidity position of the bank. Doha Bank chairman Sheikh Fahad bin Mohamed bin Jabor al-Thani said: “This is another outstanding result and is a clear demonstration that Doha Bank continues to perform consistently.” Doha Bank managing director Sheikh Abdul Rehman bin Mohamed bin Jabor al-Thani said: “Through the strategic utilisation of shareholder’s funds in order to maximise our performance levels, the return on average equity is 21.2% as of September 2012, which is the highest in Qatar. “The bank, given the scale of operations, has achieved a very high return on average assets of 2.69% in September, which is a clear demonstration of optimum asset allocation strategies”. Doha Bank Group chief executive officer Dr R Seetharaman said: “The Board of Directors has resolved in its meeting held in September to submit a recommendation to the extraordinary general assembly to increase the capital of the bank during Q1, 2013 by 50% to meet the bank’s strategic business development requirements. “The instruments, issue’s value and premium, date of issue, and any other related details would be disclosed in accordance with the enforced laws after completion of necessary studies and obtaining the approval of the competent authorities.” On the retail front, Seetharaman, said: “Doha Bank strengthened its gold bullion offerings by launching ‘Go for Gold Campaign’. Customers can buy the purest gold bars, in flexible denominations of 5 grams up to 1kg at the most competitive price.  In addition to this, Doha Bank for the first time in Qatar introduced ‘Loan against pre-owned Gold’. “This summer Doha Bank also introduced the ‘Best car loan offer’ in Qatar, which comes with many features including a 0% interest rate up to six months and leading to the lowest rate for the entire duration. “Doha Bank together with LuLu Hypermarkets recently held a very special event to mark the first anniversary of the launch of the LuLu Doha Bank Shopping credit card. “The LuLu Doha Bank shopping credit card is Qatar’s first shopping credit card and the only credit card that guarantees an instant 5% savings on all purchases made across all LuLu outlets in Qatar. “Doha Bank conducted the 6th Al Dana draw in July 2012. This year alone, Al Dana has awarded QR6mn to some 44 loyal Al Dana winners who have maintained a minimum monthly balance of QR1,000, while giving extra chances with every additional QR1,000 to ensure customer loyalty is rewarded adequately. “Doha Bank has introduced the small and medium enterprises product line in its overseas branch of Kuwait, in addition to the offerings in the Qatar and UAE market.” Doha Bank augmented its expansive network by opening an electronic branch in Al Khor Mall. This will help Doha Bank to serve Qatar’s communities in every corner of the country. Doha Bank’s wholly-owned insurance subsidiary Doha Bank Assurance Company opened the first insurance branch fully dedicated to retail on the ground floor of its C Ring Road headquarters. Recognising this performance, international rating agencies, Moody’s, Standard & Poor’s, Capital Intelligence and Fitch Ratings, have assigned a stable outlook for Doha Bank owing to its consistently strong financial fundamentals, asset quality, and robust liquidity.

arabstoday
arabstoday

GMT 18:53 2017 Wednesday ,20 September

Dollar exchange rate stable at major banks

GMT 21:04 2017 Monday ,18 September

Dollar exchange rate stable at major banks

GMT 19:07 2017 Monday ,18 September

Inflation slump to hit in early 2018: ECB

GMT 20:35 2017 Sunday ,17 September

Dollar exchange rate stable at major banks

GMT 05:53 2017 Saturday ,16 September

ECB fines rescued Italian bank 11.2 mln euros

GMT 11:43 2017 Tuesday ,12 September

US sues ex-Deutsche Bank exec for securities fraud
Arab Today, arab today
Arab Today, arab today

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*

Arab Today, arab today doha bank records qr106bn q3 profit Arab Today, arab today doha bank records qr106bn q3 profit

 



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*

Arab Today, arab today doha bank records qr106bn q3 profit Arab Today, arab today doha bank records qr106bn q3 profit

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday