DOHA: Qatar Development Bank (QDB) announced that current National Guarantee Program beneficiaries are now able to request to transfer their credit facilities from their current.
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14 Apr 2021 - 23:41
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The Peninsula Online
Doha: The Prime Minister and Minister of Interior H E Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani chaired the regular Cabinet meeting this afternoon through video conferencing.
In view of the current conditions in the country as a result of the second wave of the Covid-19 pandemic, and in implementation of the high directives of the Amir H H Sheikh Tamim bin Hamad Al Thani to provide financial and economic incentives to the private sector to mitigate the economic consequences of the pandemic, the cabinet announced additional support packages for the sectors affected by the closures due to the precautionary measures in place to deal with the spread of Covid-19, as follows:
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.