Doha Bank - drop or growth?

came across 2 articles about Doha Bank

http://www.arabianbusiness.com/545630-doha-bank-takes-55-profits-hit#con...
Feb 3, 2009

Doha Bank reported a 54.7 percent drop in fourth-quarter profit to 112.7 million riyals ($30.9 million) as it booked losses on investments and derivatives and made provisions for bad loans.
...

http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=270865...
Feb 4, 2009

DOHA: Doha Bank yesterday reported a 2% growth in its net profit to QR946.5mn in 2008...

Had it not been for the fourth quarter performance, whose figures were not furnished, the bank could have achieved higher growth rate in its bottom line, according to bank officials.

Does anybody see anything fishy or being cooked up.. Is Doha Bank on the way to go down?

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1 comments

By anonymous• 13 Feb 2009 20:56

Nothing "fishy". They just say the 4th quarter was bad. Let's see how the first quarter in 2009 will be. Then we can judge.

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Doha Bank - drop or growth?

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