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Commercial Bank net profit reaches QR1.3bn in 2020


 28 Jan 2021 - 8:55
Commercial Bank Group Chief Executive Officer Joseph Abraham and other officials during an online press conference yesterday.
Sachin Kumar | The Peninsula
The Commercial Bank, its subsidiaries and associates (Group) yesterday reported a net profit of QR1.3bn for the year ended December 31, 2020 as compared to QR2.02bn for the same period in 2019.  The Bank is planning to issue five-year bond worth $500m in 2021, said its senior official in an online press conference held yesterday
The Board of Directors proposed a dividend distribution to shareholders of QR0.1 per share i.e. 10 percent of the nominal share value. 
Chairman of the Board of Directors of Commercial Bank, Sheikh Abdulla bin Ali bin Jabor Al Thani, said, “Qatar has again demonstrated resilience with its successful management of the COVID-19 pandemic, thanks to the efforts of our leadership and the measures implemented to mitigate the pandemic’s health and economic impact ....

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