Doha Bank discloses its Financial Statements for the
year 2016
January 23, 2017
Doha Bank discloses its financial statements
for the year ended December 31, 2016. The
statements show net profit of QR. 1,054
million compared to net profit amounting to
QR. 1,354 million in the previous year.
Earnings per Share (EPS) amounted to QR 3.23
for the year ended December 31, 2016
compared to Earnings per Share (EPS)
amounted to QR. 4.58 in the previous year.
The Board of Directors is recommending to
the Ordinary General Assembly to distribute
cash dividends to the shareholders for QR
3.0 per share.
The
Groups' Comment
Doha Bank's net operational income declined
by 2.3% to QR 2.75 billion in 2016,
including QR2.07 billion as interests and QR
459.8 million as net fees and commission.
Expenses and losses increased by
16.8% to QR1.7 billion, including QR516.3
million as staff costs, QR 480.2 million
lost as result of negative change in the
value of investments, and QR468 million as
loan loss. As result, net income declined by
22.1% to QR1052.8 million. Comprehensive
income increased to 1214.9 million as result
of a positive change in the fair value.