Commercial Bank of Qatar 2012 Net Profit up to QR 2.01 Billion

Doha, January 28 (QNA) - Commercial Bank of Qatar (CBQ) has declared a net profit of QR 2.01 Billion, for the financial year ended December 31, 2012, and will distribute a cash dividened of QR 6 per share. The bank's net profit for the year 2011 was QR 1.88 Billion. This year's (2012) growth gives shareholders an Earnings per Share (EPS) of QR 8.13 compared to QR 7.71 in 2011, according to a Qatar Exchange notification Monday. The bank's Board of Directors is recommending, for approval at the Annual General Assembly, a cash dividend payout of 74% of net profit which is equal to QR 6 per share. The financial results and profit distribution are subject to the approval of the Qatar Central Bank, the notification added. (QNA)