Doha Bank Targets Tripling Overseas Profit Share on Asia Growth - Bloomberg

Doha Bank Targets Tripling Overseas Profit Share on Asia Growth - Bloomberg:

"Doha Bank QSC, Qatar’s fifth-largest lender by assets, aims to triple profit from overseas to as much as 30 percent of net income by 2015 as trade and investment between Persian Gulf states and Asia increase.
The bank’s expansion, excluding acquisitions, is expected to raise profit earned abroad from about 10 percent now, Chief Executive Officer Raghavan Seetharaman said in an interview in Hong Kong today.
Doha Bank joins Qatari lenders expanding overseas to compensate for limited growth prospects in a country of 2 million people. The lender is seeking branch licenses in India and China, which top its list of foreign markets to establish a foothold in, said Seetharaman."

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