Doha Bank posts QR252m net profit for Q1

Doha, Qatar: Chairman of the Board of Directors of Doha Bank, Sheikh Fahad bin Mohammad bin Jabor Al Thani, announced that the board of directors in i...

Doha, Qatar: Chairman of the Board of Directors of Doha Bank, Sheikh Fahad bin Mohammad bin Jabor Al Thani, announced that the board of directors in its meeting held yesterday, has approved the Bank’s Interim Condensed Consolidated Financial Information for the quarter ended on 31 March 2025. 

The Chairman added that the net profit of the Bank for the first quarter 2025 amounted to QR252m, representing an increase of 8.8% compared to the same period in 2024. Sheikh Fahad said that total assets as of March 31, 2025 reached QR115.3bn marking growth by QR12.95bn representing 12.7% compared to QR102.4bn in the same period last year, while net loans and advances reached to QR61.84bn indicating growth of 6.3% compared to the same period in 2024. 

Customer deposits declined by QR2bn or -3.8% to reach QR50.2bn as of 31 March 2025 compared to QR52.2bn last year. The investment portfolio reached QR36.6bn recording growth of 21.6%, year-on-year. He also stated that net operating income for the quarter was QR681.8m which increased from same period last year of QR659.6m an increase of 3.4%, while net fee and commission income grew by 12% to reach to QR101.7m. 

The Chairman further stated that the Bank’s ongoing efforts to streamline operations, enhance digital capabilities, and optimize cost structures have begun to yield tangible results, reinforcing its long-term commitment to operational excellence, sustainable growth, and value creation.

Sheikh Abdul Rahman bin Mohammad bin Jabor Al Thani, Managing Director of Doha Bank said, “The Bank continues to maintain solid capital and liquidity positions, as the Common Equity Tier 1 (CET1) Ratio reached 13.12% with robust Total Capital Adequacy Ratio at 19.27%.” Sheikh Abdul Rahman added, “The Loan to Deposit Ratio continues to satisfy the regulatory requirements, at 95.89%. Meanwhile, the Bank has significantly improved its funding profile over the last year, which allows the bank to fund anticipated lending growth in 2025. Liquidity Coverage Ratio also has been further enhanced reaching 172.6% up from the previous year-end at 167.6%. In addition, the Total Shareholder’s Equity reached QR14.65bn, showing an increase of 1.1% compared to last year.”