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MarketScreener Homepage  >  Equities  >  DOHA SECURITIES MARKET  >  Doha Bank    DHBK   QA0006929770

DOHA BANK

(DHBK)
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Doha Bank : launches new housing loan campaign

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04/17/2019 | 07:36pm EDT

Tribune News Network Doha Stepping up its efforts to help customers turn their dream of owning a house in the country, Doha Bank has announced the launch of its new housing loan campaign. The exciting promotion features attractive rates of interest and longer tenure, in addition to fee waivers and special rewards and benefits, the bank said in a statement on Wednesday. Launched as part of Doha Bank’s 40th-anniversary celebrations, the housing loan campaign offers loans with the lowest rate of interest available in Qatar. The bank’s customers can take advantage of home loans at a rate of 3.49 percent per annum for the first year – much lower than the previous 3.99 percent rate. Delivering on its promise to provide customers with easier and more convenient banking products and services, Doha Bank will offer a 12-month grace period to enable flexible repayments of the mortgage as part of the campaign, the statement said. Doha Bank will also waive management, mortgage, and property evaluation fees, in addition to providing complimentary property fire insurance coverage for the first year of home ownership. Furthermore, as an added benefit, the bank will give away up to QR10,000 in cash back rewards for early settlements on buyout loans, the statement said. R Seetharaman, Group CEO of Doha Bank, said, “With our customers being at the heart of our products and services, supporting their financial needs and aspirations has remained the top most priority for us at Doha Bank. “The first-of-its-kind mortgage promotion on offer represents our commitment to creating life-changing opportunities and rewarding banking experiences for our loyal customers. “As we mark the 40th anniversary of our successful journey, we renew our resolve to further enrich our world-class products and services to reinforce our position as the people’s bank.”

(c) 2019 Qatar Tribune. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (QAR)
Sales 2019 2 697 M
EBIT 2019 1 783 M
Net income 2019 812 M
Debt 2019 -
Yield 2019 4,74%
P/E ratio 2019 10,57
P/E ratio 2020 9,18
Capi. / Sales 2019 2,43x
Capi. / Sales 2020 2,31x
Capitalization 6 542 M
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Mean consensus HOLD
Number of Analysts 6
Average target price 22,4  QAR
Spread / Average Target 6,0%
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Managers
NameTitle
Raghavan Seetharaman Group Chief Executive Officer
Fahad bin Mohammad Jabor Al-Thani Chairman
Peter Roberts Chief Operating Officer & Head-Technology
David Challinor Chief Financial Officer
Abdulla bin Mohamed Jabor Al-Thani Non-Executive Director
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