Commercial Bank Reports QR 505.68 Million Net Profit

Doha, April 18 (QNA) - Commercial Bank disclosed the interim financial statement for the three month period ended March 31, 2013. The financial statements revealed a net profit of QR 505.68 Million in comparison to QR 471.23 Million for the corresponding period in 2012, the bank said in a statement. The Earnings per Share (EPS) amounted to QR 2.04 as of March 31, 2013 versus QR 1.90 of the same period in 2012. The Commercial Bank of Qatar was established in 1975 as the first wholly owned private commercial bank in Qatar. The Bank is primarily engaged in commercial and Islamic banking services. (QNA)