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Dukhan Bank posts QR267m net profit for first quarter

Dukhan Bank posts QR267m net profit for first quarter
03 May 2021 - 9:35
The Peninsula
D u k h a n B a n k announced yesterday QR267m net profit for the first quarter of 2021, showing a robust growth of 10.3 percent compared to the first quarter of 2020. The total assets of the b a n k , s u p p o r t e d b y f i n a n c i n g a c t i v i t i e s , increased as well significantly to QR100.4bn, accomplishing a growth of 29.7 percent compared to the same period in 2020 and of 16.3 percent compared to December 2020. The total financing assets reached QR75bn, achieving a growth of 38.3 percent compared to March 2020 and resulting in an increase of 28 percent compared to December 2020. ....

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Dukhan Bank wins 2 awards from World Economic Magazine

The bank has reputed itself as the country’s most progressive Shari’ah-compliant service provider, offering a diverse spectrum of award-winning banking products and services ....

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Dukhan Bank assets grow 12pc

Dukhan Bank assets grow 12pc
DOHA, 25 days
ago
Dukhan Bank’s assets in 2020 grew significantly by 12% exceeding QR86 billion ($23.62 billion), underscored by a growth in its financing activities which exceeded 12.7% recording over QR58 billion, as compared to 2019.

Total revenues grew by 15.7%, to reach QR3.8 billion, while profit before loss of impairment of intangible assets and taxes exceeded one billion Qatari riyals, with a growth rate of 33%, as compared to QR766 million for the previous year.

Total expenses declined by 15.6% to QR939 million when compared to the previous year stemming from the Group’s efforts to control operating and financing expenses. ....

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