Mubasher: Barwa Bank on Sunday posted a 15% year-on-year growth in its profits for the first quarter of 2018.
Net profits amounted to QAR 208.7 million in Q1-18, according to the bank’s statement.
"This also came in line with the management's ability to adapt to the current market conditions by working with dynamism and flexibility, which reflected positively on all financial indicators,” Sheikh Mohammed bin Hamad bin Jassim al Thani, chairman and managing director of Barwa Bank Group, commented.
Financing revenues increased 9.5% up to QAR 517 million during the first three months of the current year, the Qatar-based lender noted.
Commission revenues of the Qatari bank surged 41% year-on-year exceeding QAR 55 million during Q1-18, according to the bank’s recent statement.
