Doha Bank Net Profit Up 4.6% to QR381 Million in Q1 2018

April 23, 2018

Doha Bank's net profit amounted to QR381 million in the first quarter of 2018, compared to QR364 million for the same period last year. The bank’s earnings per share recorded QR1.23, versus QR1.41 for the corresponding period of 2017.

The Group’s Comments:

Doha Bank's net income for the first quarter decreased by 2% to QR707.9 million. The drop was from fees, commissions and other income streams. On the other hand, total expenses decreased by 8.3% to QR324.8 million, of which QR132.1 million spent on personnel and QR44.7 million from losses in value of loans. As a result, the net profit increased by 4.7% to QR364.4 million. It should be noted that there was a loss of fair value of QR68 million. The comprehensive income fell to QR 313.4 million, compared to QR400.4 million in the corresponding period of 2017.