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Commercial Bank net profit reaches QR1.3bn in 2020


 28 Jan 2021 - 8:55
Commercial Bank Group Chief Executive Officer Joseph Abraham and other officials during an online press conference yesterday.
Sachin Kumar | The Peninsula
The Commercial Bank, its subsidiaries and associates (Group) yesterday reported a net profit of QR1.3bn for the year ended December 31, 2020 as compared to QR2.02bn for the same period in 2019.  The Bank is planning to issue five-year bond worth $500m in 2021, said its senior official in an online press conference held yesterday
The Board of Directors proposed a dividend distribution to shareholders of QR0.1 per share i.e. 10 percent of the nominal share value. 
Chairman of the Board of Directors of Commercial Bank, Sheikh Abdulla bin Ali bin Jabor Al Thani, said, “Qatar has again demonstrated resilience with its successful management of the COVID-19 pandemic, thanks to the efforts of our leadership and the measures implemented to mitigate the pandemic’s health and economic impact ....

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QIIB net profit rises to QR937.7m in 2020


 27 Jan 2021 - 8:10
The Peninsula
Doha: QIIB has recorded a net profit of QR937.7m for the year ended December 31, 2020, with a growth rate of 1.2 percent compared to QR927m in 2019. The bank’s earnings per share stood at QR0.55. While the total assets grew by 7.9 percent to QR61.3bn from QR56.8bn during the same period. 
QIIB Chairman and Managing Director Sheikh Dr. Khalid bin Thani bin Abdullah Al Thani, said: “The bank’s results for the year ended December 31, 2020 have clearly proven the bank’s ability to maintain the stability of its financial and profitable indicators, while overcoming the factors that shook the world’s markets in 2020, especially after COVID-19 pandemic ramifications. This in itself is a great achievement, which we owe, in the first place, to the wise strategy adopted by the Government and the supervisory authorities to support the Qatari economy in its various sectors, under the directives and the patronage of the Amir H H Sheikh ....

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