Commercial Bank Qatar Q4 net rises
Published: January 19th, 2010
Commercial Bank of Qatar reported a 33 percent rise in fourth quarter net profit, despite taking a 170 million riyal hit related to a corporate default, which the lender intends to recover.
Qatar’s third-largest bank by market value posted a net profit of 186 million riyals in the fourth quarter from 140 million riyals in the same period in 2008.
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