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Commercialbank Q4 profit rises 66%

Qatari lender, Commercialbank has reported a 66% jump in fourth quarter net profit to QR309m ($84.8m), compared to the same period in 2009, the Peninsula has reported. Full-year net rose 7% to QR1.63bn from a year earlier. Loans and advances to customers grew by 5% to QR33.6bn at December 31, 2010, compared with QR31.9bn at the end of December 2009, but have declined from QR34.7bn at September 30, 2010 as a result of early repayments.