Qatar's Doha Bank fourth quarter net profit falls 85 percent

Doha Bank, Qatar's fifth-largest lender by assets, reported a 84.8 percent decline in fourth-quarter net profit on Sunday, according to Reuters calculations, missing analyst expectations.
The bank earned a net profit of 35 million riyals ($9.61 million) in the three months to December 31 against 231.4 million riyals in the same period of the previous year, Reuters calculations showed, using financial statements in lieu of a quarterly earnings breakdown.
Three analysts polled by Reuters had forecast on average the bank would make a quarterly net profit of 215.58 million riyals.
The bank posted annual 2016 net profit of 1.05 billion riyals, lower than the 1.37 billion riyals it reported in 2015, according to its statement.