NO. 27


Financial and Banking News

Bank Results

Doha Bank Reports 11% Increase in Profits

Doha Bank's profits rose by 11% to QR33.6mn ($9.2mn) in 1990, against profitsof QR30.2mn in 1989. Total income rose by 13.6% to QR234.3mn in 1990 fromQR206.3mn the year before, while expenses increased by 14.4% to QR194.4mn in1990 from QR169.8mn in 1989. "Other financial charges" in the expenseaccount, which are presumed to include provisions, were almost unchanged atQR6.2mn. A cash...