Doha Bank Announces Q1 2025 Financial Results with Profit of QAR 252 Million

H.E. Sheikh Fahad Bin Mohammad Bin Jabor Al Thani, Chairman of the Board of Directors of Doha Bank, announced that the board of directors in its meeting held on April 20, 2025, has approved the Bank’s Interim Condensed Consolidated Financial Information for the quarter ended on 31 March 2025. The Chairman added that the net profit of the Bank for the first quarter 2025 amounted to QAR 252 million, representing an increase of 8.8% compared to the same period in 2024.

H.E. Sheikh Fahad said that total assets as of March 31, 2025 reached QAR 115.3 billion marking growth by QAR 12.95 billion representing 12.7% compared to QAR 102.4 billion in the same period last year, while net loans and advances reached to QR 61.84 billion indicating growth of 6.3% compared to the same period in 2024. Customer deposits declined by QAR 2 billion or -3.8% to reach QAR 50.2 billion as of 31 March 2025 compared to QAR 52.2 billion last year. The investment portfolio reached QAR 36.6 billion recording growth of 21.6%, year-on-year. His Excellency also stated that net operating income for the quarter was QAR 681.8 million which increased from same period last year of QAR 659.6 million an increase of 3.4%, while net fee and commission income grew by 12% to reach to QAR 101.7 million. The Chairman further stated that the Bank’s ongoing efforts to streamline operations, enhance digital capabilities, and optimize cost structures have begun to yield tangible results, reinforcing its long-term commitment to operational excellence, sustainable growth, and value creation.

H.E. Sheikh Abdul Rahman Bin Mohammad Bin Jabor Al Thani, Managing Director of Doha Bank said, “The Bank continues to maintain solid capital and liquidity positions, as the Common Equity Tier 1 (CET1) Ratio reached 13.12% with robust Total Capital Adequacy Ratio at 19.27%.” H.E. Sheikh Abdul Rahman added, “The Loan to Deposit Ratio continues to satisfy the regulatory requirements, at 95.89%. Meanwhile, the Bank has significantly improved its funding profile over the last year, which allows the bank to fund anticipated lending growth in 2025. Liquidity Coverage Ratio also has been further enhanced reaching 172.6% up from the previous year-end at 167.6%. In addition, the Total Shareholder’s Equity reached QAR 14.65 billion, showing an increase of 1.1% compared to last year.”

“The financial performance continues to improve as a result of several measures that have been implemented under the Himma Transformation,” said Sheikh Abdulrahman Bin Fahad Bin Faisal Al Thani, Group CEO of Doha Bank. “Moving forward, we will continue to expand low-cost liabilities and profitable assets, bolstering the Bank’s sustainability and stability. Improving our digital capabilities and increasing cost savings will remain among our top priorities. Our goals as a bank are to provide excellent and innovative financial services to our customers, sustain growth and long-term value proposition to our investors, and contribute to Qatar’s economic diversification. Doha Bank’s recent achievements show our dedication towards achieving these goals.”

Doha Bank has begun 2025 with unmatched momentum, announcing a series of strategic achievements in the first quarter of the year that reflect its steadfast commitment to innovation, inclusion, and growth. Among which the Bank’s announcement of the financial results for 2024, shareholders’ approval of 10% dividend distribution, and strategic governance enhancements including interim dividend capabilities. The Board of Directors unanimously approved the buyback of a portion of its own shares (treasury shares in Doha Bank), not exceeding ((10%)) of the total fully paid-up issued shares, in accordance with the rules and procedures stipulated by the Qatar Financial Markets Authority in this regard, and subject to obtaining the necessary approvals from the competent regulatory and supervisory authorities. The Board of Directors also unanimously authorized the Group Chief Executive Officer to take the necessary measures to obtain the approval of the Qatar Central Bank, the Qatar Financial Markets Authority, and to fulfill all other requirements necessary for the implementation of this resolution.

The Bank was the first in Qatar to adopt the FX Global Code which represents the global best practices in foreign exchange markets. In addition, the Bank achieves four prestigious ISO certifications, reinforcing commitment to excellence and Innovation.

The first quarter of 2025 witnessed the Bank’s return to International Debt Capital Markets, successfully executing a USD 500 million benchmark transaction with 55% allocation to Europe and Asia, reflecting global investor confidence.

Doha Bank continued presenting innovative solutions and products including the launching of Doha Bank’s Corporate Mobile Banking App, digital account opening via mobile banking, the Lionel Messi Mastercard, and Doha Bank’s Fintech and Innovation Hub, an initiative that underscores its commitment to advancing Qatar’s financial services ecosystem and the Qatar Central Bank’s aspirations for fintech excellence. This was coupled with unwavering support to the national capacity building endeavors through a strategic partnership with Carnegie Mellon University in Qatar, collaboration with Mentor Arabia and Education Above All, and cooperation agreement with the Ministry of Labor, supporting national workforce training and career development.

In terms of sponsorships Doha Bank commenced the year with sponsoring notable events including 13th Edition of the Doha Marathon by Ooredoo, Platinum-Level Partnership of Web Summit Qatar 2025, Sponsorship of Qatar ExxonMobil Open and H.H. The Amir’s Sword Equestrian Festival.

Commenting on these achievements, Sheikh Abdulrahman Bin Fahad Bin Faisal Al Thani, Group CEO of Doha Bank said “These achievements mark just the beginning of a transformative chapter for Doha Bank. We are building a future-ready financial institution that not only delivers value to our customers and shareholders, but also contributes meaningfully to the national agenda—advancing Qatar’s knowledge economy, investing in our youth, supporting sustainability, and leading with digital innovation.”

With a focused approach to innovation, customer-centric solutions, and regional market engagement, Doha Bank is well-positioned to contribute meaningfully to the objectives of Qatar National Vision 2030, particularly in driving economic diversification and financial sector development.

About Doha Bank

Doha Bank is one of the largest commercial banks in Qatar, committed to delivering innovative financial solutions, driving sustainable development, and being a force for positive change across the region.

Fahad Bin Mohammad Bin Jabor Al Thani
Chairman