Doha – Mubasher: The Commercial Bank of Qatar (CBQ) issued Tier 1 capital perpetual bonds worth QAR 2 billion ($549.19 million).
The issuance is aiming at boosting the bank's capital adequacy, and the process was completed successfully on 28 February, according to a bourse filing released on Monday.
CBQ’s profit declined in 2015 by 24.7% to QAR 1.46 billion ($400.9 million) in 2015 from QAR 1.94 billion ($532.7 million) in 2014.
The Qatar-listed bank’s share rose in today’s mid-trading by 1.61% to QAR 43.86 ($14.79).
