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Commercialbank registers 7% growth in net income
- Qatar: Thursday, February 28 - 2013 at 04:08
Qatari lender Commercialbank has said its 2012 net profit rose 7% to QR 2.01bn, compared with QR1.8bn achieved in the previous year, the Peninsula has reported. The bank's total assets grew 12% to QR80bn on December 31, 2012. Lending to customers rose by QR6.9bn to QR 48.6bn with growth generated in both the wholesale and retail businesses, while the non-performing ratio reduced to 1.09%.
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