06.08.2009 - Doha Bank bond repurchasing boosts bottom line
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