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Islamic Finance Briefing - Categorized | Banking, Bonds (Sukuk), Market Moves, Performance more

Doha Bank – bond repurchasing boosts bottom line

Posted on 06 August 2009

From Globalarabnetwork.com: Doha Bank reported 2Q09 net income of QAR317 million, up 4% from 2Q08 and 14% above expectations. Earnings were helped by non-interest income, increasing by 26% YoY and 68% above expectations.
Net interest income, however, was 13% lower than expectations, as the margins during 2Q09 slightly declined to 3.10% from 3.20% in 1Q09 and were below expectation of 3.24%……….Full Article: Source

 
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