AMMAN The Housing Bank approved the distribution of cash dividends at a rate of 12 per cent of the share nominal value for the year 2020, according to a bank statement.During a virtual general assembly meeting on Thursday, its general assembly also approved the board of directors report, the financial statements for the year 2020 and the bank’s business plan for
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Editor Marc Chase interviews Sarahi Unzueta, part of the Hoosiers We ve Lost project.
The bank has prioritized directing its charitable donations to helping people in need pay housing expenses during the COVID-19 pandemic.
âAs we continue working to end homelessness in LaPorte County, itâs important that weâre building the right programs and funding the right resources to assist LaPorte residents in staying in safe, permanent housing,â Horizon Bank Chairman and CEO Craig Dwight. âThis is a wonderful program designed by the local United Way and Unity Foundations to assist people in need to stay in their homes and to survive the protracted impact that this pandemic has had on their lives.
11 Mar 2021 - 9:03
Commercial Bank Chairman, Sheikh Abdulla bin Ali bin Jabor Al Thani and other officials of Commercial Bank during the Ordinary General Assembly Meeting.
The Peninsula
Doha: Commercial Bank held its Ordinary General Assembly Meeting yesterday and approved all items on the agenda including the Board’s recommendation to distribute a cash dividend of 10 percent of the share’s nominal value.
Commercial Bank Chairman, Sheikh Abdulla bin Ali bin Jabor Al Thani said: “On behalf of the Board of Directors, I would like to express our sincere thankfulness and gratitude for the visionary leadership of Amir H H Sheikh Tamim bin Hamad Al Thani. Under the leadership of His Highness, Qatar continues on its remarkable growth trajectory and Commercial Bank is fully aligned with and contributes towards Qatar’s national development objectives.”
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Recent Company Highlights Include:
Deposits grew to $337.0 million at December 31, 2020, from $247.8 million at December 31, 2019, a 36.0% increase. Including SBA PPP loans, net loans increased 16.7% to $283.6 million at December 31, 2020, from $243.1 million at December 31, 2019. Total assets increased by $150.1 million to $429.4 million as of December 31, 2020, an increase of 53.8% over one year.