Doha Bank released its interim financial statements for the period ending September 30, 2014.

The statements revealed a net profit of QAR1.1 billion for the nine months period ended September 30, 2014 in comparison to a net profit of QAR1 billion for the corresponding period last year, representing an increase by 10%.

The lenders' Earnings per Share (EPS) amounted to QAR 4.39 for the period ended September 30, 2014 versus QAR 4.40 for the corresponding period in 2013.

Lately, EFG - Hermes Research unit said it has lowered Doha Bank Fair Value -FV to QAR61.4 on lower earnings forecasts, in addition to downgrading its rating from Buy to Neutral.