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Doha Bank provides conventional and Islamic commercial banking and insurance services. It operates in Qatar, the US, Kuwait and the UAE, and has investments in several European and GCC countries.

Established in 1978 and listed on the Qatar Stock Exchange in May 1997, Doha Bank was Qatar’s 3rd largest commercial bank in terms of total assets, totaling QAR39 billion (USD10.7 billion), in 2008, and representing a 29.76% annual increase.

Its total 2008 operating income accounted for QAR1.61 billon (USD444.8 million), an 11.5% annual increase; conventional commercial banking accounted for 87.2%, compared to a total of 88.8%, in 2007; Islamic banking accounted for 11.3%, compared to a total of 11.2%, in 2007; and insurance increased to 1.4% from 0.03%, in 2007.

Doha Bank’s total investments, in 2008, reached QAR3.39 billion (USD931.5 million), an annual increase of 8.9%. Of the total investments, 65% was registered in Qatar, 17% in the GCC, 9% in Europe and 9% in unspecified countries. The bank did not invest in North America, in 2008, as it had the previous year, with a total of QAR119 million (USD32.8 million), or 3.8% of its total investments for the year.