Commercial Bank posts QR1.3bn net profit in 2020 ...Qatar

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Commercial Bank posts QR1.3bn net profit in 2020
Commercial Bank Group posted a net profit of QR1.3bn in 2020 compared to QR2.02bn in 2019. The premier bank’s operating profit went up to QR3.14bn in 2020, a growth of 14.1% on normalised basis. Commercial Bank said its total assets rose 4.1% to QR153.6bn last year. The bank’s board of directors has proposed a dividend distribution to shareholders of QR0.1 per share, i.e. 10% of the nominal share value. The financials and proposed dividend distribution are subject to the Qatar Central Bank approval and endorsement by shareholders at the bank’s Annual General Meeting. Commercial Bank chairman Sheikh Abdulla bin Ali bin Jabor al-Thani said, “Qatar has again demonstrated resilience with its su

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