Doha Bank Q.P.S.C. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 25, 2023
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Doha Bank Q.P.S.C. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was QAR 537.38 million compared to QAR 596.24 million a year ago. Net income was QAR 183.41 million compared to QAR 263.53 million a year ago. Basic earnings per share from continuing operations was QAR 0.06 compared to QAR 0.08 a year ago.
For the six months, net interest income was QAR 1,028.88 million compared to QAR 1,239.94 million a year ago. Net income was QAR 392.05 million compared to QAR 664.98 million a year ago. Basic earnings per share from continuing operations was QAR 0.13 compared to QAR 0.21 a year ago.
Doha Bank QPSC is a Qatar-based financial institution engaged in the banking sector. The Bank is organized into the following business segments: Corporate Banking, which provides a range of products and services to business and corporate customers, including funded and non funded credit, facilitates deposits to corporate customers, as well as undertakes funding and centralized risk management activities through borrowings, issue of debt securities, use of derivatives for risk management purposes and investing in liquid assets, such as short term placements and corporate and government debt securities; Retail Banking, which provides a range of products and services to individuals, including loans, credit cards, deposits and other transactions with retail customers, as well as Insurance Activities.