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.
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.