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20 May 06:49 AM

The Commercial Bank PSQC (CBQK)

Last update: 09:30 AM market time.
4.21
-0.66
-13.59%
Open 4.21
Previous Close 4.87
High 4.21
Low 4.21
Stock Statistics
Volume 1,000
Turnover 4,211.00
All data are 15 minutes late during market session

News

The total value of the dividends amounts to QAR 607.09 million
21 March 2019 10:56 AM CBQ’s OGM approves QAR 607m dividends for 2018
Mubasher: The Commercial Bank of Qatar (CBQ) on Thursday announced that its shareholders had approved distributing 15% of the share’s nominal value, or QAR 1.5 a share, as a cash dividend for 2018 during an ordinary general meeting (OGM) held the …
General Assembly
The Qatari lender’s profits amounted to QAR 400 million in Q4-18
5 February 2019 08:32 AM CBQ’s profit rises 175% in 2018; board proposes 15% dividends
Mubasher: The Commercial Bank of Qatar (CBQ) recorded a 16% year-on-year profit increase during the fourth quarter of 2018. The Qatari lender’s profits amounted to QAR 400 million ($110.91 million) in Q4-18, compared to QAR 344.74 million ($95.59 …
Financial Results
13 December 2018 09:33 AM S&P affirms CBQ’s rating at ‘A-2’; outlook ‘Stable’
The rating agency has also changed its outlook to the bank to stable instead of negative
Global Markets brief
The new PT is 14.4% lower than the current market price
15 November 2018 02:40 PM QNB keeps Commercial Bank of Qatar's PT at QAR 35/shr
Mubasher: Qatar National Bank (QNB) on Thursday announced maintaining the price target (PT) for the Commercial Bank of Qatar (CBQ) at QAR 35 per share. The new PT is 14.4% lower than the share's current market price, as CBQ’s stock ended Thursday …
Banking and Finance
Lenders’ profits amounted to QAR 6.14 billion ($1.70 billion) in Q3-18
31 October 2018 09:37 AM QSE banking sector’s profit rises 9% in Q3 – Survey
By: Eman Ghaly Mubasher: Profits of the banks listed on the Qatar Stock Exchange (QSE) increased 9% year-on-year during the third quarter of 2018, according to Mubasher’s statistics. Lenders’ profits amounted to QAR 6.14 billion ($1.70 billion) in …
Banking and Finance
Net profits amounted to QAR 404.5 million in Q3-18,
24 October 2018 08:08 AM CBQ’s profit hikes 410% in Q3
Mubasher: The Commercial Bank of Qatar (CBQ) posted a 409.6% year-on-year profit surge in during the third quarter of 2018. Net profits amounted to QAR 404.5 million in Q3-18, compared to QAR 79.4 million in Q3-17, according to the bank’s …
Banking and Finance
The banking sector topped the QSE’s losers declining 3.59%
13 August 2018 08:54 AM Turkish lira poses threat to QSE’s banking sector
Mubasher: The Qatar Stock Exchange (QSE) has been affected adversely by Turkey's currency crisis. The Qatari bourse ended Sunday’s trading session in negative territory, after the general index fell 251.86 points, or 2.55%, to 9,635 points. The …
Politics
Assets total about QAR 139.9 billion as registered on 30 June 2018
5 August 2018 01:57 PM Fitch & Moody’s upgrade CBQ’s outlook
Mubasher: The Commercial Bank (CBQ) said that the global rating agencies Fitch and Moody’s have upgraded their outlook of the bank to “Stable”, according to a bourse disclosure on Sunday. Fitch affirmed the long-term issuer default rating (IDR) of …
Ratings
Net profits amounted to QAR 5.72 billion during Q2-18
31 July 2018 09:50 AM QSE banking sector profit hits QAR 5.72bn in Q2 – Survey
By: Eman Ghaly Mubasher: The financial statements of the nine banks listed on the Qatar Stock Exchange (QSE) showed a 4.03% year-on-year increase in their profits for the second quarter of 2018. Net profits amounted to QAR 5.72 billion ($1.57 …
Financial Results
EPS grew to QAR 2.11 for the six-month period ended last June
19 July 2018 09:04 AM CBQ’s profit surges 408% in Q2
Mubasher: The Commercial Bank of Qatar on Thursday posted a 408% year-on-year hike in its profit for the second quarter of 2018. Net profits amounted to QAR 450.06 million ($124.2 million) in Q2-18, compared to QAR 88.59 million ($24.4 million) in …
Financial Results
The ten banks include QNB, Doha Bank, Barwa Bank and QIIB
16 July 2018 02:09 PM Moody’s changes outlook on 10 Qatari banks to ‘Stable’
Mubasher: Moody's Investors Service (Moody's) on Monday announced that it has confirmed the long-term deposit and issuer ratings of ten Qatari banks, in addition to the senior unsecured and subordinated debt ratings of their affiliated entities. …
Ratings
In September 2017, CBQ said it would sell its 40% stake in UAB
10 June 2018 08:59 AM CBQ suspends talks with Tabarak Investment over UAB’s stake sale
Mubasher: The Commercial Bank of Qatar (CBQ) on Sunday announced halting discussions with Tabarak Investment, a wholly-owned subsidiary of Tabarak Commercial Investment, over buying the Qatari lender’s stake in the UAE-based United Arab Bank …
Macroeconomics
Moody's also declined the lender’s baseline credit assessment (BCA) to ba1 from baa3
22 May 2018 10:47 AM Moody’s downgrades CBQ rating to A3; outlook 'Negative'
Mubasher: Moody's Investors Service announced that it has downgraded the Commercial Bank of Qatar’s (CBQ) long-term deposit ratings to A3 from A2 and its short-term deposit ratings to Prime-2 from Prime-1. The outlook on the rating is negative.  …
Ratings
QNB also maintained CBQ’s market perform rating
19 April 2018 00:36 PM QNB raises CBQ PT at QAR 35/shr
Mubasher: Qatar National Bank (QNB) Financial Services on Thursday has raised Commercial Bank of Qatar’s (CBQ) price target at QAR 35 per share, up from QAR 29 a share. QNB also maintained CBQ’s market perform rating, adding that “CBQK is trading …
Ratings
18 April 2018 06:53 AM CBQ profit soars 345% in Q1-18
Mubasher: Commercial Bank of Qatar (CBQ) posted a 345% year-on-year surge in its profits during the first quarter of 2018. Net profits amounted to QAR 405 million during Q1-18, up from QAR 91 million in Q1-17, according to the bank’s filing to the …
Financial Results
The syndicated loan has a one-year extension option
8 April 2018 08:07 AM Commercial Bank inks $250m syndicated loan
Mubasher: The Commercial Bank of Qatar (CBQ) on Sunday announced signing a $250 million loan, which was syndicated in the Asian market. The syndicated loan has a one-year extension option, according to the bank’s filing to the Qatar Stock Exchange …
Banking and Finance
CBQ is working on selling Formosa bonds at an amount ranges between $250m and $300m
4 April 2018 00:58 PM Commercial Bank to issue $1bn bonds in global markets
Mubasher: Commercial Bank of Qatar (CBQ), listed on the Qatar Stock Exchange (QSE), will issue bonds at a combined value of $1 billion in the coming period. Qatar's third-largest bank by assets aims at issuing the debt notes at the international …
Macroeconomics
CBQ's stake in the UAB is worth AED 1 billion ($270 million).
3 April 2018 09:50 AM CBQ extends time for selling 40% stake in UAB
Mubasher: Commercial Bank of Qatar (CBQ) has agreed upon extending the time for selling its 40% stake in Abu Dhabi-listed United Arab Bank (UAB) to the UAE-based Tabarak Investment. The stake of Qatar’s third-largest bank by assets in the UAB is …
Corporate Actions
CBQ is committed to allocating $300 million to support Turkey’s Alternatifbank
7 March 2018 04:12 PM CBQ to invest $300m in Turkey’s Alternatifbank
Mubasher: The Commercial Bank of Qatar (CBQ) is committed to allocating $300 million to support Turkey’s Alternatifbank's growth, said CEO Josef Abraham. The CBQ’s investments in the Turkish bank amount to $1 billion, which is the largest …
Banking and Finance
Commercial Bank had announced earlier that it agreed to sell its 40% stake in UAB
1 March 2018 04:16 PM Qatar’s Commercial Bank extends deadline for UAB deal
Mubasher: Qatar's Commercial Bank has agreed to extend the exclusive deadline given to Tabarak Investment for the third time until 2 April. The deadline pertains to Tabarak Investment's purchase of a stake in United Arab Bank (UAB) from Qatar's …
Companies Investments
20 February 2018 02:26 PM Qatar’s Commercial Bank nods to sell 40% stake in UAB
Mubasher: Qatar's Commercial Bank, listed on the Qatar Stock Exchange (QSE), has agreed upon selling its 40% stake in Abu Dhabi-listed United Arab Bank (UAB) to the UAE-based Tabarak Investment, sources told Reuters on Tuesday. The stake of …
Mergers and Acquisitions
Earnings per share reached QAR 0.9 in FY17
30 January 2018 08:11 AM CBQ profits in FY17 surge 20.6%; dividends proposed
Mubasher: The Commercial Bank of Qatar (CBQ) achieved a leap of 24,500% in profits during the fourth quarter of 2017 compared to the same period last year. Earnings grew to QAR 344.67 million ($95.71 million) in Q4-17 from QAR 1.4 million …
Financial Results
Based in Sharjah, the UAE, the UAB is listed on the Abu Dhabi Securities Exchange (ADX)
22 October 2017 09:21 AM Tabarak Investment eyes CBQ’s 40% stake in UAB
Doha – Mubasher:  The Commercial Bank of Qatar (CBQ) on Sunday announced that Tabarak Investment, a subsidiary of Tabarak Commercial Trade, expressed its interest in buying the CBQ’s share in the United Arab Bank (UAB). Earlier in October, the UAB …
Mergers and Acquisitions
Commercial Bank's profits will fall due to its subsidiaries negative performance
16 October 2017 05:43 PM CBQ quarterly profits to be lower than estimates - QNB
Mubasher: The Commercial Bank of Qatar’s (CBQ) profits are expected to take a hit for the third quarter of 2017, according to a recent report by Qatar National Bank (QNB) Financial Services. The Commercial Bank of Qatar owns 40% of the United Arab …
Sector Reports
CBQ will sell its 40% stake in the Emirate United Arab Bank (UAB)
1 October 2017 07:09 AM CBQ to sell stake of 40% in UAB
Abu Dhabi – Mubasher: The Commercial Bank of Qatar (CBQ) intends to sell its 40% stake in the Emirate United Arab Bank (UAB), the UAB told the Abu Dhabi Securities Exchange (ADX) on Sunday. In September, the CBQ’s board agreed on granting a “third …
Mergers and Acquisitions