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Article: COMMERCIAL BANK OF QATAR ANNOUNCES ITS PRESS RELEASE IN REGARDS TO 3RD QUARTER FINANCIAL RESULTS FOR THE PERIOD ENDING S

Article from:
Info-Prod Research (Middle East)
Article date:
October 16, 2008
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According to Doha Securities Markets: The Commercial Bank of Qatar announces its strong overall growth for nine months ended September 2008 with a reported net profit up 55% to QR 1.56 billion when compared to the pervious period in 2007. The bank also announces the following: Operating Income up 51.5% to QR 2.14 billion Shareholders Equity increased by 78.4% to QR10.2 billion Total assets up 41.7% to QR 57.8 billion Customers' Deposits up 19.2% to QR 29.9 billion The Bank's Total Assets at the end of the third quarter of 2008 stood at QR 57.8 billion, reflecting 41.7% growth from 30 September 2007. Total loans and advances similarly grew by 37.0% to QR 32.1 billion and Customers' Deposits ...

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