Tuesday 30 August 2016
 
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CBQ

CBQ net profit plunges 35pc in Q3

Commercial Bank of Qatar (CBQ), the Gulf state's second-largest lender by assets, reported a 35 per cent fall in third-quarter net profit on Sunday, blaming the weaker performance of its unit in the UAE. It is the third Qatari

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CBQ Q2 net profit rises 17.3pc

Commercial Bank of Qatar, the country's second-largest lender by assets, posted a 17.3 per cent rise in second-quarter profit on Tuesday, beating analysts' forecasts. The bank earned a net profit of SR589 million ($161.8 m

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CBQ shareholders approve up to $1bn capital raising

Shareholders of Commercial Bank of Qatar (CBQ) have approved the issue of up to $1 billion in capital-raising instruments, the bank said on Thursday. The annual shareholders' meeting of the Gulf Arab state's second-largest

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Qatar ‘targeting steadier economic growth’

After years of strong, if volatile, GDP growth driven by significant debt-fuelled public spending, Qatar is now targeting steadier, more sustainable growth, a report said. Qatar's economic model will continue to be driven by h

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CBQ and subsidiaries post 19pc increase in profit

The Commercial Bank of Qatar, its subsidiaries and associates have posted a net profit of QR1.5 billion ($426.1 million) net profit for the first nine months of the year, up 19 per cent compared to the same period last year. The b

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Commercial Bank of Qatar net profit dips 3pc

Commercial Bank of Qatar (CBQ) suffered a three per cent decline in second-quarter net profit, Reuters calculations based on half-year figures from the bank showed on Wednesday, as higher costs and provisions ove

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CBQ to buy out public shares in Turkey's Alternatifbank

Commercial Bank of Qatar will buy out the remaining publicly owned shares in Turkey's Alternatifbank and then delist the lender from the Istanbul bourse, it said on Wednesday. The second-largest lender in Qatar bought a 74.25

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CBQ tightens guidance for five-year bond

Commercial Bank of Qatar tightened the pricing guidance for its benchmark-sized, five-year, US dollar bond to a range of 120 to 125 basis points over mid-swaps, a document from lead arrangers showed. The lender, rated A1/A-/A by i

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CBQ foreign ownership limit raised to 25pc

Foreign investors can own from Sunday 25 percent of Commercial Bank of Qatar's shares, a statement from the stock exchange said, as the lender becomes the latest firm to loosen ownership restrictions prior to the country's MSCI upgrade.

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Commercial Bank of Qatar profit drops

Commercial Bank of Qatar , the country's second-largest lender by assets, reported a drop in fourth-quarter net profit on Monday, missing analysts' forecasts as provisioning for bad loans rose substantially. The bank made

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