Posted inBanking & InsuranceNews

Doha Bank reports 10.7% increase in net profit for 2024

The Board of Directors has recommended a cash dividend distribution of QAR 0.10 per share.

Doha Bank
Credit: Doha Bank

Doha Bank has announced a net profit of QAR 851.45 million for the year ending December 31, 2024, marking a 10.7% increase from QAR 769.47 million in 2023. Earnings per share rose to QAR 0.27 from QAR 0.25 in the previous year.

The Board of Directors has recommended a cash dividend distribution of QAR 0.10 per share, equivalent to 10% of the paid-up capital, pending approval at the upcoming General Assembly meeting.

Total assets reached QAR 110.2 billion as of December 31, 2024, an 8.9% increase compared to QAR 101.2 billion in the same period last year.

The bank maintains strong capital and liquidity positions, with the Common Equity Tier 1 ratio at 13.3% and the total capital adequacy ratio at 19.6%.