Mubasher: Doha Bank on Wednesday posted a 19.9% year-on-year profit drop during the third quarter of 2018.

Net profits amounted to QAR 737.5 million in Q3-18, against QAR 1.05 billion in Q3-17, according to the bank’s statement to the Qatar Stock Exchange (QSE).

The interest income rose 10.6%  year-on-year to QAR 2.9 billion during the three-month period ended September, Qatar's fifth-largest lender by assets noted. 

Earnings per share (EPS) amounted to QAR 2.38 in Q3-18, from QAR 3.61 for the same period of the prior year.

Moreover, the bank's total assets hit QAE 90.4 billion in the July-September period of this year.

It is worth noting that profits of Qatar's fifth-biggest lender declined 34.3% to QAR 470.7 million in H1-18, from QAR 715.5 million in H1-17.

By the end of Wednesday’s session, Doha Bank’s stock advanced 1.61% at QAR 21.37.