Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar- Barwa Bank net profit up 46pc  Join our daily free Newsletter

MENAFN - The Peninsula - 30/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Barwa Bank Group, Qatar's Shari'ah-compliant banking service provider, has recorded a strong growth in both balance sheet and profitability for the full-year 2013, with net profit growing by 46 percent at QR503.9m compared with QR345.2m in 2012.



The group's total assets increased by 33 percent to reach QR33.6bn, a reflection of 26 percent growth in the financing portfolio from QR15.3bn to QR19.3bn, with customer deposits rising from QR14.8bn to QR21.2bn.Earnings-per-share improved from QR1.17 to QR1.68, in 2013, a 43 percent improvement



The year 2013 saw the emergence of a more "balanced" income profile: reliable, quality earnings from wholesale activity and it was complemented by a very strong contribution from Treasury and a major improvement in retail performance



During the year, Barwa Bank's elevated profile gained significant recognition both domestically and regionally, a development reflected in both customer acquisition volumes and a number of prestigious industry awards. A highlight was winning the Islamic Business and Finance Awards' "Best Bank" title



The bank continued to build the infrastructure that supports its strategic growth plans, including continuing investment in Information Technology and premises, with two new prestigious locations due to open during the first half of 2014.



Barwa Bank achieved a 25 percent Qatarisation at the group level. The bank continued to attract prominent Qatari banking professionals in a number of key leadership roles driving and executing the growth strategy.



Sheikh Mohamad bin Hamad bin Jassim Al Thani, Chairman, Barwa Bank Group thanked the entire team of Barwa Bank Group for delivering yet another strong year. "I can also confirm that our momentum has continued with a very positive start to 2014 and, through our first-class team and with support from the Board, we will continue to deliver innovative Shari'ah-compliant banking services to our clients and add value to our shareholders and the financial sector in Qatar", he said

 






  MENA News Headlines
 Aug 21 2014 - AnastasiaDate Shares Some Truly Inspiring Long Distance Love Stories of MembersMENAFN Press
(MENAFN Press) AnastasiaDate shares more long–distance real life love stories of their members. By Ana Mauer AnastasiaDate the leading online international dating portal recently shared more long ...

 Aug 21 2014 - The Kitchness Stainless Steel BBQ Basting Brush Is Released For Sale To The General Public On Amazon.comMENAFN Press
(MENAFN Press) Amazon appointed as exclusive Worldwide Distributor for this second-generation BBQ Brush.ARECIBO PUERTO RICO August 20 2014. The long awaited release of the Kitchness Stainless ...

 Aug 21 2014 - AsianDate Offers Valuable Tips on How to Avoid Online Dating ScamsMENAFN Press
(MENAFN Press) AsianDate shares useful tips with members on how to avoid dating scams. By Jia Li Asian Date the trusted and highly established Asia-specific online dating service has shared some ...

 Aug 21 2014 - Experts Find Tinting Your Homes Windows Lowers Energy Consumption ConsiderablyMENAFN Press
(MENAFN Press) With growing global concerns people are now encouraged to conserve energy and cut back on the energy consumption to preserve the earth's resources for future generations. Among the ...

 Aug 21 2014 - More South Floridians are Keeping Their Automobiles LongerMENAFN Press
(MENAFN Press) A new car is a major investment that people like to use for as long as the vehicle allows them to but when a car is scratched smashed or scraped in from the corner of the bumper the ...

 Aug 21 2014 - flipb Software Announces Pre-designed TemplatesMENAFN Press
(MENAFN Press) flipb Software a leading provider of digital publishing software announces the recent release of predesigned templates to streamline the PDF to flipbook conversion process.San Jose CA ...

 Aug 21 2014 - Small Business Trends Quotes Joshua B Lee of Stand Out AuthorityMENAFN Press
(MENAFN Press) Joshua B Lee co-founder of Stand Out Authority was just quoted in a story on Small Business Trends publication. The article is about things not to do when pitching investors and ...

 Aug 21 2014 - Clogged Grease Traps can Cause Health Problems in Miami RestaurantsMENAFN Press
(MENAFN Press) Restaurants and Eateries have to abide by strict health and hygiene rules and regulation which require them to maintain a specific level of sanitation to ensure that the people who ...

 Aug 21 2014 - The Dental Health Center Joins Smiles Dental Now Smiles Dental RoseburgMENAFN Press
(MENAFN Press) The Dental Health Center a Roseburg OR dentist recently joined Smiles Dental a regionally-focused dental group in order to continue to provide comfortable high-quality dental services ...

 Aug 21 2014 - Online Business Franchise Opportunity Vs Affiliate ProgramMENAFN Press
(MENAFN Press) Buy an online internet business franchise opportunity. Licensees only need a cell phone laptop and internet connection. Unlimited earning potential with an online franchise business ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help