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Qatar’s Doha Bank 9-Month Net Profit Gains 10%

Qatar’s Doha Bank 9-Month Net Profit Gains 10%

The lender made QAR1.1 billion in the year-to-September 30, compared to QAR1 billion in the year earlier period, a bourse statement said.

Doha Bank, Qatar’s fifth-largest lender by assets, reported on Tuesday a 10 per cent increase in its net profit for the first nine months of the year.

The lender made QAR1.1 billion in the year-to-September 30, compared to QAR1 billion in the year earlier period, a bourse statement said.

It did not provide a breakdown for the third quarter. Analysts had forecast, on average, the bank would make a net profit of QAR365.7 million for the period in a Reuters poll.

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