Tagged: Barwa Bank

Barwa Bank sees 85% surge in H1 profit to QR303.6mn

Barwa Bank sees 85% surge in H1 profit to QR303.6mn

<p>Qatar-based Barwa Bank has reported half-year profits of QR303.6mn, up 85% from the QR162.9mn recorded in the same period last year. Return on equity increased from 6.6% to 11%, with earnings per share rising from QR0.55 to QR1.01 on the back of a 10% increase in total assets to QR27.8bn. The highlight of the first half has been the high level of activity in corporate banking as major infrastructure projects have started to bear fruit. Also, contributing ware the strong performances in the bank&rsquo;s treasury and trading businesses. Barwa Bank has also seen selective expansion in its retail footprint with two new high-profile branches nearing commissioning and good response to its special outlets located in the Ministry of Interior and the Navy.</p>
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<p><a href="http://www.gulf-times.com/business/191/details/360571/barwa-bank-sees-85%25-surge-in-h1-profit-to-qr3036mn-" title="http://www.gulf-times.com/business/191/details/360571/barwa-bank-sees-85%25-surge-in-h1-profit-to-qr3036mn-">http://www.gulf-times.com/business/191/details/360571/barwa-bank-sees-85…</a></p>
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Barwa bank backs charity project

Barwa bank backs charity project

<p>Barwa Bank has signed a cooperation agreement with Qatar Charity to provide QR500,000 for its Ramadan projects in the country. The deal was signed by Steve Troop, Chief Executive Officer of Barwa Bank, and Yousef Al Kuwari, Qatar Charity Executive Chairman, at the charity headquarters. Troop said that Barwa Bank aims to support projects which provide assistance to the needy in the Qatari community in various ways, including forging partnerships with charities such as Qatar Charity. One of Qatar Charity&rsquo;s projects is Al Baraha which has been extended from 10 days to one month. Around 24,000 people will benefit from the QR950,000 project during the holy month.</p>
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<p><a href="http://thepeninsulaqatar.com/qatar/245728-barwa-bank-backs-charity-project.html" title="http://thepeninsulaqatar.com/qatar/245728-barwa-bank-backs-charity-project.html">http://thepeninsulaqatar.com/qatar/245728-barwa-bank-backs-charity-proje…</a></p>
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Barwa Bank joint lead manager for ABT sukuk

Barwa Bank joint lead manager for ABT sukuk

Barwa Bank has acted as joint lead manager on Albaraka Turk Participation Bank’s (ABT) $200m Tier 2 sukuk. This transaction represents the first Sukuk Murabaha transaction issued in the international capital markets from Turkey. Barwa Bank has been inv…

Barwa Bank employee breaks Guinness record

Barwa Bank employee breaks Guinness record

Qatar resident Ziyad Rahim, head of market risk at Barwa Bank, recently broke a Guinness World Record by completing the Marathon Grand Slam in just 41 days. In the process, he set the fastest time to complete a marathon on each continent and the North …

Sheikh Mohamed to lead Barwa Bank’s new board

Sheikh Mohamed to lead Barwa Bank’s new board

Barwa Bank has elected its new nine-member board of directors (for 2013-2015) with Sheikh Mohamed bin Hamad bin Jassim al-Thani as chairman and managing director. The other members on the board are Abdulaziz Mohamed Hamad Almana (vice chairman); Mohame…

Barwa Bank eyes full-fledged sukuk platform by end-2013

Barwa Bank eyes full-fledged sukuk platform by end-2013

Barwa Bank expects its sukuk trading platform to become full-fledged by the year-end. Moreover, it sees the market as very competitive and lucrative with a great potential, according to chief investment officer Bashar Jallad. He said Barwa Bank was active in both the primary and secondary sukuk markets and started to act as a custodian for some of the clients. Barwa Bank’s sukuk trading platform is already functional but has not reached the optimum level, Jallad added. A focus area for the bank is relationship management.