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Commercialbank, Q1 $62m
- Qatar: Wednesday, April 19 - 2006 at 15:07
Commercialbank has today announced Q1 profit of $62m, up 22% on the same quarter in 2005. Total assets grew by 64% to $6.3bn. Loans and advances increased by 71% to $3.3bn and fee and commission income rose by 62% to $68m. Customer deposits increased by 56% to $3.8bn. Net interest income grew by 49% to $42m and non-interest income climbed by 5% to $44m.
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Peter J. CooperWednesday, April 19 - 2006 at 15:07 UAE local time (GMT+4)
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