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Doha Bank reports 5.2% increase in H1 earnings

: Sunday, July 20 - 2014 @ 09:50

Qatari lender, Doha Bank has posted a 5.2% growth in net profit in the first half of this year to QR787m from QR748m in the same period in 2013, Gulf Times has reported. The bank increased its net operating income by 14% to QR1.45bn in June this year. Total assets grew 21.6%, or QR12.8bn, from QR59.2bn as on June 30, 2013 to QR72bn in June 2014. Customer deposits showed a year-on-year increase of 30.5% from QR34.1bn to QR44.5bn in June, which the lender said was “evidence of the strong liquidity position” of the bank.

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Sunday, July 20- 2014 @ 9:50 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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