ACHIEVES 5% PROFIT GROWTH

Qatar Today - - BUSINESS > BANK NOTES -

Doha Bank has regis­tered a growth of 5% by earn­ing a net profit of QR 1.13 bil­lion in Q3 of 2014 com­pared with QR1.07 bil­lion for the same pe­riod in 2013. The bank also in­creased its net op­er­at­ing in­come by 14% to reach QR2.2 bil­lion while the to­tal as­sets in­creased to QR70.3 bil­lion dur­ing the first nine months of this year com­pared with QR63 bil­lion dur­ing the same pe­riod last year. Net loans and ad­vances in­creased to QR44.6 bil­lion from QR38.9 bil­lion for the same pe­riod last year, reg­is­ter­ing a growth of 15%. De­posits showed a year on year in­crease of 10% from QR40.1 bil­lion to QR44 bil­lion dur­ing the third quar­ter of 2014.

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