Doha Bank releases 2021 profits
The Qatari bank reported a slight increase in profits compared to 2020, though it experienced a loss in its amount of total assets.
Doha Bank released Thursday its profit figures for last year.
The bank achieved 704 million Qatari riyals ($193.4 million) in profits in 2021. Doha Bank’s board of directors also voted to pay cash dividends to shareholders at a rate of 0.075 Qatari riyals ($0.02) per share, the bank said in a press release.
Doha Bank is one of the biggest banks in Qatar. The one-time accountant Raghavan Seetharaman, who is originally from India, has been credited with turning the bank into a respected global financial institution since becoming CEO in 2002. The bank has branches around the world, including in the United Arab Emirates and Kuwait.
Doha Bank’s profits in 2020 were almost 703 million Qatari riyals ($193.1 million).
