Doha Bank yesterday said assets rose 30 per cent from QAR30 billion (Dh30.2bn) in 2007 to QAR39bn in 2008, resulting in a net profit of QAR946.5 million.
Loans and advances grew 25 per cent from QAR19.2bn in 2007 to QAR24bn in 2008. Customer deposits grew 16 per cent as total deposits rose from QAR20bn in 2007 to QAR23.3bn in 2008, the banks said in a statement.
Shareholders' equity grew 36 per cent from QAR3.6bn in 2007 to QAR4.9bn in 2008. Return on average shareholders' equity and the return on average assets rose by 25.78 and 2.74 per cent respectively. The board has proposed a cash dividend of five per share or 50 per cent of the paid-up capital.
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