Arab Today, arab today doha bank sees h1 profit grow 5 to qr740mn
Last Updated : GMT 07:25:47
Arab Today, arab today
Arab Today, arab today

Doha Bank sees H1 profit grow 5% to QR740mn

Arab Today, arab today

Arab Today, arab today Doha Bank sees H1 profit grow 5% to QR740mn

Doha - Arabstoday

Doha Bank has reported more than 5% growth in its net profit to QR740mn in the first half of this year. “This is another outstanding result and is clear demonstration that Doha Bank continues to perform through any business cycle,” Doha Bank chairman Sheikh Fahad bin Mohamad bin Jabor al-Thani said after the board meeting yesterday. Doha Bank increased net operating income by 3.5% to QR 1.22bn. Total assets expanded by more than QR2.3bn, a growth of more than 4.7%, to QR51.9bn as at June 30 2012. Net loans and advances increased to QR 29.7bn from QR27.7bn for the same period last year, registering a growth of 7%. Deposits showed a year-on-year increase of 3.9% to QR30.3bn as at June 30, 2012, which is an evidence of the strong liquidity position of the bank. “Through the strategic utilisation of shareholder’s funds in order to maximise our performance levels, the return on average equity is 22.7% as at June 30, 2012 which is one of the highest in the Qatar,” Sheikh Abdul Rehman bin Mohamad bin Jabor al-Thani, managing director of Doha Bank, said. The bank, given the scale of operations, has achieved a very high return on average assets of 2.84% in the first half of this year, which is a clear demonstration of optimum asset allocation strategies, according to him. R Seetharaman, Doha Bank Group chief executive, highlighted the key innovations, achievements and initiatives by the bank in the second quarter of 2012. This quarter saw Doha Bank unveiling the new branch identity at the Gate Branch, which is designed and developed keeping in mind the customer’s personalised expectations and preferences to sustain their trust and deliver a new format of banking. This also reflected during its opening of the new Museum Branch which is located at Al Mathaf Street. It has been deliberately designed with a modern zoning concept for the customers to deliver an engagingly exciting banking experience. Doha Bank Treasury and Investments department launched the bullion initiative which allows its customers to buy physical gold from the branches over the counter. From gulf-times

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 sees h1 profit grow 5 to qr740mn Arab Today, arab today doha bank sees h1 profit grow 5 to qr740mn

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4m tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4m tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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