Doha – Mubasher: Doha Bank on Wednesday reported an increase of 2.8% in profits for the first quarter of 2017, compared to the same period in 2016.
The profits of the bank stood at QAR 364 million ($99.9 million) in Q1-17, compared to QAR 354 million ($97.15 million) in Q1-16, according to the bank's financial statements.
Earnings per share for Q1-17 amounted to QAR 1.41, compared to QAR 1.37 in the corresponding period of the year before, the bank said in a filing to the Qatar Stock Exchange (QSE).
Total assets increased 7.2% or QAR 6.1 billion to QAR 90.8 billion in Q1-17, compared to assets worth QAR 84.6 billion in Q1-16, Doha Bank added.
Customer deposits rose 5% reaching QAR 54 billion in Q1-17, compared to QAR 51.4 billion in the same period of the year before.
The bank had previously reported a drop of 22.2% in net profits reaching QAR 1.054 billion in 2016, compared to QAR 1.354 billion in 2015.
The stock rose 0.65% at QAR 30.9 on Wednesday, with liquidity reaching QAR 7.83 million after 253,350 million shares traded.
