Commercial Bank nets profit of QR1.45 billion for 2015

The Commercial Bank has reported a net profit of QR1.45 billion for the year ending December 31, 2015, a 24.9 percent decrease in profitability compared to 2014.

On a quarterly basis, Commercial Bank generated net profit of QR117 million in the fourth quarter 2015, as compared to QR387 million in the fourth quarter 2014.

The board of directors have recommended a cash dividend payout of QR3 per share for approval at the Annual General Assembly on March 16.

 

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