VOL. XLVI
No 33
18-August-2003
QATAR
RATINGS
CI Upgrades Doha Bank Rating To BBB
Ratings agency Capital Intelligence (CI) on 11 August upgraded the rating of Qatars Doha Bank to BBB from BBB-. The upgrade reflects continued strengthening of Doha Banks financial position, strong capitalization, stable funding base, improved operational efficiency, diverse revenue growth, improved asset quality and management of non-performing loans (NPLs). Doha Bank posted QR125mn ($34.3mn) net profit for the first...
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