Doha – Mubasher: Qatar’s Barwa Bank posted on Saturday a rise of 2.4% in its net profit in 2015 to QAR 729.7 million ($200.35 million).
Earnings per share reached QAR 2.46 ($0.68), according to a statement.
The bank’s profits rose in 2014 by 41.5% year-on-year to QAR 713 million ($195.77 million).
The board of directors recommended cash dividends at 10% or QAR 1 ($0.27) per share, equivalent to cash dividends distributed for 2014.
The bank’s assets also grew 18.3% to QAR 45 billion ($12.36 billion), back by a rise of 22.6% in the finance portfolio to QAR 28.5 billion ($7.83 billion).
Customer deposits advanced 16.5% to QAR 25.5 billion ($7 billion) while non-performing assets and expenses decreased by 1.4% and 7% respectively.
