Doha Bank’s 2009 net profit rose 3% to QR973.6mn mainly on a three-fold jump in dividend income and higher growth in interest earnings and insurance business. The bank, whose impairment on loan and investment more than doubled, has suggested 50% cash

, Qatar's fourth-largest by market value, had a fourth quarter net profit of QR122.8 million ($33.75 million), up 10.1 per cent, according to Reuters calculations. The bank reported full-year net profit of QR973.6 million for 2009 up from QR946.5

Doha Bank is well-positioned to take advantage of the Qatar Government’s commitment to increasing public spending, Al Mal Capital said in its latest report. Qatar has arguably been the ‘most aggressive’ country in the Gulf in supporting the local banking