Andrew Stevens, CEO of Commercial Bank of Qatar, has said its net income had climbed to QR186m ($51m) from QR140m a year earlier, Bloomberg has reported. The bank expects to improve its performance this year, after fourth-quarter profit rose a less-than-expected 33%, he added. Net income for last year fell 12% to QR1.52bn, and assets dropped 7% to QR57.3bn. Operating income was QR2.8bn, and costs rose 1%.
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