Doha Bank Discloses Its Financial Statements for The 1st Quarter of 2017

April 20, 2017

Doha Bank discloses its financial statements for the period ended on March 31, 2017.  The statements show that the net profit is QR 364 million compared to net profit amounting to QR 354 million for the same period of the previous year.

Earnings per Share (EPS) amounted to QR 1.41 for the period ended March 31, 2017 to EPS amounted to QR 1.37 for the same period of the previous year.

The Group Comment

Doha Bank's net operational income increased by 1% to QR 723.5 million in the first quarter of 2017, including QR 520.9 million as interests; QR126.3 million as commission fees; QR 72.1 million as investment income and commissions; and QR 4.3 million as insurance. Total expenses dropped by 0.9% to QR 375.5 million, including QR127.5 million as staff cost; QR 86.4 million net loss of loans and investments; QR 119.4 million as other expenses. As result, net profit increased by 2.9% to QR364.4 million. Adding revenues from positive change in the fair value of investment available for sale worth QR 36 million, comprehensive income rises to 400.4 million.