PHOTO
File image used for illustrative purposeTraders speak with each other as they sit behind their desks in front of the Qatar stock exchange board, in Doha February 4, 2014. REUTERS/Mohammed Dabbous
Doha Bank said its net profit for the first half of 2024 rose 10.3% year-on-year (YoY) to 432 million Qatari riyals ($118.5 million) on higher loans and advances.
Net loans and advances reached QAR 59 billion, up 5.7% YoY, the bank said in a filing on the Qatar Stock Exchange.
Customer deposits surged 17% to QAR 51.6 billion as of June 30, 2024, compared to QAR 44.1 billion last year.
Total assets stood at QAR 105.9 billion as of June 30, 2024, rising 13.8% from QAR 93.0 billion a year earlier.
(Editing by Brinda Darasha; brinda.darasha@lseg.com)
