Doha Bank has reported a net profit of QR252 million for the first quarter of 2025. This marks an 8.8% increase compared to the same period in 2024. The Board of Directors approved the Bank’s financial results for the quarter, showing a solid financial performance.
As of March 31, 2025, the Bank’s total assets reached QR115.3 billion. This reflects a growth of 12.7% compared to the same period last year. Net loans and advances stood at QR61.84 billion, growing by 6.3% year-on-year. However, customer deposits decreased by QR2 billion, or -3.8%, to QR50.2 billion.
The Bank’s investment portfolio reached QR36.6 billion. This marks a significant increase of 21.6% compared to the previous year. Net operating income for the quarter was QR681.8 million, an increase of 3.4% from the previous year. Additionally, net fee and commission income grew by 12%, reaching QR101.7 million.
Managing Director Sheikh Abdul Rahman bin Mohammad bin Jabor Al Thani emphasized the Bank’s strong capital and liquidity positions. The Common Equity Tier 1 (CET1) Ratio stands at 13.12% and the Total Capital Adequacy Ratio is a robust 19.27%. The Loan to Deposit Ratio stands at 95.89%, in line with regulatory requirements.
Group CEO Sheikh Abdulrahman bin Fahad bin Faisal Al Thani highlighted the Bank’s strategic focus on enhancing digital capabilities, optimizing cost structures, and expanding low-cost liabilities. These efforts aim to ensure sustainable growth. The Bank’s recent success is part of its ongoing transformation under the Himma initiative.
The Board of Directors also approved a buyback of up to 10% of the Bank’s total shares, pending regulatory approvals.
