HSBC Bank Oman has completed the sale of its Indian assets to Doha Bank, the affiliate of HSBC Holdings said in a statement on Wednesday.
Shareholders of Doha Bank, Qatar's fifth-largest lender by assets, approved the purchase
Doha Bank, the fifth-largest lender in Qatar by assets, said it has received shareholder backing to issue capital-boosting bonds worth up to QR2 billion ($549.3 million) as well as assent for issuance of regular bonds.
Doha Bank, Qatar's fifth-largest lender by assets, reported a 7.2 per cent fall in fourth-quarter net profit on Wednesday.
Net profit fell to QR219 million ($60.2 million) from QR236 million a year earlier, the bank said in a
Doha Bank, Qatar's fifth-largest lender by assets, reported a 6.1 per cent increase in fourth-quarter net profit on Tuesday, according to Reuters calculations, missing analyst expectations.
The lender made a net profit of QR25
Doha Bank has closed a project finance deal of KD25 million ($85.5 million) with Kuwait-based Kharafi National, a leading infrastructure project developer.
“We are pleased to have the opportunity to finance Kharafi National.
Shareholders of Doha Bank have approved the purchase of the Indian assets of HSBC Bank Oman after an extraordinary meeting, the Qatari bank said in a statement on Monday.
HSBC Bank Oman, an affiliate of HSBC Holding, said in April
Doha Bank, Qatar's fifth-largest lender by assets, reported on Tuesday a 10 per cent increase in its net profit for the first nine months of the year.
The lender made QR1.1 billion ($301.8million) in the year-to-September 30,
Doha Bank, Qatar's fourth largest lender by assets, posted a 9.9 percent rise in second-quarter net profit on Thursday, in line with analyst estimates.
It made 388 million riyals ($107 million) in the second quarter, according
Commercial Bank of Qatar (CBQ) and Doha Bank may need to increase their capital next year by $412 million each to abide by expected central bank regulations, US investment bank Morgan Stanley said in a report.
While Qatari banks h
HSBC Bank Oman said it had agreed on the sale of its Indian business to Qatar's Doha Bank, in a statement to the Muscat Securities Market on Wednesday.
No value for the transaction was given in the statement, but the Omani len