Doha Bank reported a net profit of $193.29 million during the year 2021, a slight increase from the 2020 net profit of $193.09.
A statement issued by the bank, published on the Qatar Stock Exchange website, said that the profit per share of Doha Bank amounted to $0.044, unchanged from the same period last year.
Net interest income grew by 11.4 percent compared to the previous year to reach $714 million approximately.
Net operating income stood at around $852 million, up 5.8 percent compared to the previous year.
His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank also declared that the total shareholder’s equity by end of 2020 reached $3.8 billion, while the earnings per share were $0.044 and the return on average shareholders’ equity, was 5.3% and the return on average assets was 0.66%.
H.E. Sheikh Fahad added that the audited financial statements declared net profit, distribute cash dividends to shareholders for $0.021 per share, and issuance of additional capital instruments and amendments to articles (3) and (14) of the Company’s Article of Association are subject to the approval of the concerned regulatory authorities and the General Assembly of the Shareholders.
He also said that the Board of Directors and the Executive Management will work together to achieve the objectives that are outlined in the Bank’s strategy for the coming five years.
