VOL. XLVI

No 23

9-June-2003

QATAR

REGIONAL BANKING

Commercial Bank Sees Strong Qatari Economy Providing Further Growth Opportunities

Commercial Bank (CB) reaped the benefits of Qatar's strong economy in 2002 when its net profits jumped 57% to $43.6mn (MEES, 28 April). The increase in profits was attributed to a combination of factors stemming from an internal reorganization commenced in 2001, a corporate reidentification completed in 2002, leveraging off some highly successful domestic franchises...