Mubasher: The financial statement of Doha Bank on Sunday showed a year-on-year increase of 4.7% in profits for the first quarter of 2018.

Profits amounted to QRA 381 million in Q1-18, compared to QAR 364 million in Q1-17, according to the bank’s filing to the Qatar Stock Exchange (QSE).

Earnings per share (EPS) declined to QAR 1.23 for the period ended 31 March 2018, compared to QAR 1.41 for the same year of the previous year.

The net interest income of Qatar's largest private commercial bank levelled up 7.5% to QAR 560 million, the statement showed.

Assets grew 3.2% to QAR 90.7 billion over Q1-18 from QAR 93.6 million for the same quarter in the year before, the QSE-listed lender noted. 

For the full-year 2017, the bank’s profits jumped 5.3% to QAR 1.11 billion, compared to QAR 1.05 billion in the prior year.

By the end of Sunday’s session, Doha Bank’s stock declined 0.65% at QAR 27.57.