Doha Bank first quarter net profit jumps 17.3% to QR380mn ...Qatar

Doha Bank recorded a QR380mn net profit in the first quarter of 2021, or a 17.3% growth over QR324mn achieved in the same period last year, according to the bank’s chairman, Sheikh Fahad bin Mohamed bin Jabor al-Thani. Sheikh Fahad said total assets increased by QR5.7bn, a 5.4% growth to reach QR112.1bn as of March 31, 2021. Net loans and advances increased to QR70.5bn or by 8% as of March 31, 2021. Customer deposits showed an increase of 16.2% from QR54.8bn to QR63.7bn as of March 31, 2021. The bank’s cost to income ratio has come down to 26.5% in the first quarter as compared to 30.8% for the same period last year. Doha Bank managing director Sheikh Abdul Rehman bin Mohamed bin Jabor al-T

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Doha Bank first quarter net profit jumps 17.3% to QR380mn ...Qatar

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